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Related Parties - Audit Evidence
IAS 24 prescribes the disclosures essential to the possibility to draw attention which the financial position and loss or profit of an entity may have been affected through the existence of related parties and through outstanding transactions balances along with such parties.
Definitions of concerned party and related party transactions from IAS 24, "Related Party Disclosures" are follows that:
Related parties are thought about to be related whether one party has the capability to control the other party or exercise significant influence above the other party in creation operating and financial decisions.
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Audit Procedures - Intangible Assets The auditor's process as far as goodwill is relating would involve as: a) Vouching for details as per the buy agreement of the values
Assessment item 2 Case Study and Report Due date: 19-08-2016 Length: 2000 words Task Question 1 (5%) Case: Battersby and Associates Chartered Accountants is a successful mid-t
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Sales are shipped FOB shipping point with credit terms n/45. You have verified that the last shipping number used in 2009 was 261,336 and that numbers were used in numerical order.
Q. If Kiner Company issues 3,000 shares of $5 par value common stock for $70,000, the account a. Paid-in Capital in Excess of Par Value will be credited for $15,000. b. Common Stoc
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