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متابعة

Explain four possible problems with group audits as compared to audit of a single company?

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تم إضافة السؤال من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
تاريخ النشر: 2016/01/24
Frank Mwansa
من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

*   Groups may include a large number of companies,e.g foreign subsidiaries that report in their own currency.

*    Some companies in the group may have a different year -end accounting date from other companies.

*    It will be necessary be make or audit adjustments that are made to the financial statements of individual group group companies, for consolidation purpose.

*    Some group companies may be audited by an audit firm that is not the auditor of the parent company.

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