Hypothetical company listed on the australian stock exchange

Assignment Help Accounting Basics
Reference no: EM133198346

One year ago, Peter Pan Ltd (a hypothetical company listed on the Australian Stock Exchange) began to provide its financial statements in XBRI format. The company first prepares its financial statements and then applies the XBRL tags. However, the company has recently been made aware that one of its XBRL-tagged financial statements contains incorrect XBRL tags. It subsequently launched an internal audit to investigate the problem. With reference to the information given above, address the following questions, what steps should Peter Pan Ltd's internal auditor undertake to investigate why the incorrect tags were applied to the data in the instance document? Your answer should be context-specific, and the steps taken by the auditor should be listed in the most logical order.

Reference no: EM133198346

Questions Cloud

The somatic nervous system : A1 Business and Technical College-Distinguish how different tastes are transduced? Describe means of mechanoreception for hearing and balance?
Research the sas intelligence platform : Research the SAS Intelligence Platform and describe how data exploration journeys usually follow a generic workflow composed of six well-defined CORE tasks
Briefly explain how you would use product packaging : BA 523 Schiller International University. Briefly explain how you would use product packaging to entice consumers to purchase that product.
Components that make earth - a habitable planet : List five components or conditions that make our home - Earth - a habitable planet for human beings. Use a few sentences to explain each condition.
Hypothetical company listed on the australian stock exchange : One year ago, Peter Pan Ltd (a hypothetical company listed on the Australian Stock Exchange) began to provide its financial statements in XBRI format.
Who do you believe has the stronger argument : Who do you believe has the stronger argument, Samantha or Arc and do you believe that the Fair Debt Collection Practices Act should apply to all attorneys
Analyze vipshop holdings limited current business-level : Task - Analyze Vipshop Holdings Limited's current International Business-Level and Corporate-Lever Strategy
Do you agree with the measurement methodology : 1. Do you think the introduction of social progress credits would improve the social performance of social enterprises in South Korea?
Describe an organization that you feel is successful : MBA 520 Bethel College. Identify and describe an organization that you feel is successful in maintaining good customer relationships.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd