INTERNAL AUDIT

/INTERNAL AUDIT

Transfer of Cash from cash book

Dear Expert, Kindly give me your views on how one can deal with the following internal audit situation: During the review of the company bank reconciliation an internal auditor discovers that the reconciliations are not up to date for more than a year which of course increases the risk of fraud. So the auditor decides [...]

By |February 25th, 2009|INTERNAL AUDIT|3 Comments

Acquisition accounting

Dear all, I have a question in relation to acquisition accounting in accordance with IFRS3. In this case a parent company A acquires all the shares in subsidiary company B for (say) 50M. This cost price represents a goodwill over the fair value of the ...

Consolidation , Foreign exchanges ( rates)

Dear All , Kindly need your urgent help We Have more than 10 companies in different countries and using different currencies : 1- our holding company send us every month end the conversion rate that we should use for each currency in order to be able...

By |December 14th, 2008|AUDIT, CONSOLIDATION, DOCUMENTS, IFRS, INTERNAL AUDIT|0 Comments