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Counter - Indications
That the auditor has found indications of going related to non-applicability does not of itself justify instantly conclusion that the entity is not a going to relate. Also he must seek for mitigating factors or counter-indications. This may involve the following as:
a) Ability to raise cash through selling assets
b) Ability to receive new sources of finance as an example hiring, factoring debts, plant leasing.
c) Opportunity of rearranging debt conversion or repayments of long term debt in equity.
d) The opportunity of a rights matter.
e) Support from other collection of companies or from associated companies.
f) The probability of creating alternative trading arrangements.
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Historic Costs Methods - Long Term Contracts You will notice such this exercise is completely dependent on the company estimating its further costs. This is wherever the audi
what are the things we need to check in statutory audit of bank?
how to analysis
Important Points about Auditor - Audit Process The Points that should be noticed that: i. The auditor must forever date his audit report. This date should be as close as pr
General Verification Procedures - Audit Process 1. Get or prepare a schedule for each and every class of liability. Usually this would indicate the makeup of the liability a
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General advantages and disadvantages of joint audits Advantages: All work and fees are welcome to audit firms. An opportunity to closely inspect the auditing methods
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