Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
IAS 20 Accounting for Government Grants and Disclosures
IAS 20 Accounting for government grants and disclosures of government assistance
The auditor needs to verify the grants have been properly recognized as related to income and capital expenditure in the accounting period. In particular, the auditor should ensure that the conditions of the grant are to be met; they may be repayable within specific circumstances. It is also essential to verify such the grants have to be accounted for in accordance along with IAS 20. As for example which capital grants are acknowledged over the expected needful life of the revenue grants and related asset are matched against about expenditure.
There are two acceptable issues of accounting for capital grants. Either they can be netted of against the asset the total cost of the asset is then depreciated or else the grant can be treated as deferred income and then located to the income statement on the similar basis as depreciation is charged on the related asset. Accuracy and re-performance tests should be performed through the auditor. The auditor should make sure about the accounting policy is suitable in accordance along with the standard and properly discussed.
Fitri, a sole proprietor in pulic practice, plans to establish a separate department that will provide internal audit service to his audit clients.
The International Auditing and Assurance Standards Board The IAASB is a Board familiar by IFAC. The associates of the IAASB are selected by the IFAC Board to serve on IAASB. IA
Describe the factors which decide the broad area of Scientific activity?
An auditor is conducting an audit of the financial statements of a wholesale cosmetics distributor with an inventory consisting of thousands of individual items. The distributor ke
Techniques of obtaining evidence ISA 500 mentions them as: (a) Inspection of records or documents, (b) Inspection of tangible assets, (c) Observation, (d) Inquiry, (e) C
a) Would King & Queen be liable to EFL? Provide specific case references to support your answer.
For each ethical threat explain how it might be avoided?
The Use of Engagement Letters There is a contractual relationship among an accountant and his client. The accountant must therefore make sure that at the time he decided to exe
I have a auditing case study i need to complete in chapter 8 of Auditing & Assurance service (fifteenth edition) by Alvin A. Arens, Randal J. Elder and Mark S. Beasley. I don''t kn
With reference to the case study business, identify appropriate audit tests to be carried out. Prepare a statement of the work to be carried out and the manner in which it will be
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd