What are the material items are carried out, Financial Management

Assignment Help:

What are the Material items are carried out

Material items would have an impact on:

Audit tests carried out. For illustration compliance based testing (relying on controls) might not be suitable as they wouldn't be reliable enough to take assurance from and hence you may have to resort to detailed substantive tests (account balance level testing).

Whether adjustments must be made to the accounts.
Whether auditor must qualify his report on the accounts.

Related Discussions:- What are the material items are carried out

Show gross vs net working capital, Q. Show Gross Vs net working capital? ...

Q. Show Gross Vs net working capital? The distinction between the gross working capital or the net working capital does not in any way undermine the relevance of the concepts o

How does it help financial managers make business decisions, What is the in...

What is the investment opportunity schedule (IOS)? How does it help financial managers make business decisions? The investment opportunity schedule illustrates graphically pro

Other types of bonds, Various other types of bonds are- 1. Domestic Bond...

Various other types of bonds are- 1. Domestic Bonds 2. Foreign Bonds 3. Euro Bonds 4. Global Bonds 5. Floating Rate-Bonds

Explain the exposure is the regression coefficient, Explain the statement: ...

Explain the statement: “Exposure is the regression coefficient”. Answer: Exposure to currency risk can be suitably calculated by the sensitivity of the firm’s future cash flows a

Traditional approach to valuation, Under this approach of Valuation, ...

Under this approach of Valuation, all cash flows are discounted using single interest rate (discount rate). For example: Consider the 5-year (7.00 percent) Treas

Explain systematic risks in financial management, Q. Explain Systematic Ris...

Q. Explain Systematic Risks in Financial management? Systematic risk in non-diversifiable and is associated with the securities Market as well as economic, sociological, politi

Business have a positive accounting profit, Can a business have a positive ...

Can a business have a positive accounting profit and a negative economic profit? Please explain.

Strategic management, Develop and implement strategic plan using bounce fit...

Develop and implement strategic plan using bounce fitness as case study

State about the equity owners, State about the equity owners Flip side...

State about the equity owners Flip side of the coin is that the equity owners are also owners of all the profits which remain after all the debt holders are paid their interes

Emergency information panel, 1. It is mandatory that every carrier transpo...

1. It is mandatory that every carrier transporting hazardous materials should display correctly the emergency information panel. Emergency information panel should be legibly and

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages