Non Profit Agency and Auditing

Can a funding agency enter into a bilateral contract with an external auditor to subject a non-profit entity to an external financial audit? The supposed audit engagement fee will be paid directly by the funder to the external auditor. The non-profit does not become a party to the audit engagement. Then, who becomes the addressee [...]

By |December 6th, 2009|AUDIT|3 Comments

Fradulant Presentation of Financial Statement

Dear All, Please guide me on below mentioned 1: If a group would not consolidate its account and use its group companies to hide its loses. ( Fradulant Presentation of Financial Statement ) Where it should be reported and how.specialy in focus of UAE. 1: If a chartered accountant firm voilating professional and ethical code [...]

By |March 25th, 2009|AUDIT|0 Comments

Audit quality control

Greating Dear sir Can we measure or assured the quality of audit? With regard kalehiwot

By |March 3rd, 2009|AUDIT|2 Comments

Audit Informationa Hotel (Hospitality) Project

Dear Collegues,Really appriciate if anybody could share me the Hotel Internal Audit Procedure and plan, stretegy (Hospitality). or any website link, PDF, presentation file.Thanks in advance

By |December 15th, 2008|AUDIT|0 Comments

Request for auditing standard

Dear all, Can you share me the international auditing standard document. Thanks Danella,I double checked after the comment below, and I agree with Hemant. IAS 21.28 explicitly states that gains/losses on forex should be recognized in P&L. The forex is not attributable to the asset but to the financial liability. My apologies for my earlier [...]

By |December 15th, 2008|AUDIT|1 Comment

Internal audit procedures

Hello   does anyone have sample internal audit questionary? SOX survey ? procedures etc.???   thanks     Dear Could you specify the concerning areas u need sample questionnaires!

By |December 15th, 2008|AUDIT|0 Comments

Inventory Report

Hi... I will really appreciate if someone can tell me the format of writing inventory auditing report. Thank u very much, Ibn Hi Please give some more information regarding what you need Hi.. thanx. Recently i have taken physical stock at out warehouse n have noticed some discrepencies. i wanna repot it. i want to [...]

By |December 15th, 2008|AUDIT|0 Comments

What is this ACCA?

I'm a CPA from the US. Is the ACCA something I should join? I'm a member of the IMA and the AICPA in the US. Is ACCA some kind of upstart or does anyone find it to add value to their careers and is it recognized by global employers? Thanks for the opinions, mostly just [...]

By |December 15th, 2008|TRAINING|0 Comments

Training centre for IFRS course of ACCAI?

Where can I find the training centre for IFRS in Mumbai - India, if I register for course in IFRS with ACCA. Regards Asif Asif, ACCA provides Certification and Diploma in IFRS. You can take either one of them as both are recognised. Certification is online but Diploma in IFRS has examinations that are held [...]

By |December 15th, 2008|TRAINING|0 Comments

Capitalization of WIP

Hello,   If a company asks a third party to construct a fixed asset and at the end of the year, the fixed asset is not complete, but you have a statement of the costs incurred, would you capitalize the costs incurred under Construction in Progress with counterpart in accruals. Or would you record an entry [...]

By |December 14th, 2008|IAS 2|1 Comment

Just one question

Please let me know about cost of create new web sit will it be general expenses or intangible assets  So, which treatment prefered to be confirmed to international accounting standard   thank you   Mahmoud Gbr Auditor General expense: if there is no link to future cash inflow through this   Intangible asset: if satisfy the conditions [...]

By |December 14th, 2008|IAS 38|0 Comments

Internal audit report

Hey all , need some help in writing an internal audit report , i'm an internal auditor , i'm a very good in auditing and finalizing the working papers or create work papers and good in the business that i audit .but i face lot of difficulties in wording an internal audit report , i [...]

By |August 28th, 2008|AUDIT|0 Comments

Audit program

I do need audit program on laboratory process/ lab testing process. Any body can help me by providing it.   Audit program totaly depends on nature of operation. you may take help from bangaldes auditing stanard for bsic sence of audit program. if you need help  may contract with me zakaria   Sorry have no [...]

By |August 28th, 2008|AUDIT|0 Comments

CIA exam

Good day. Have anybody intend to take this exam. Could advise me how I should register and where can I get the exam. In Jordan Regard […]

By |August 28th, 2008|AUDIT|0 Comments

Cash equivalent

Dear all Please help in deciding what items can be regarded as cash equivalents > Thanks in advance! Regards, Lina Cash equivalents are financial instruments that can be easily converted to cash, have high liquidity like stock of quoted companies. Best Regards. Alberto     Lina, I woul suggest to take a look into IAS [...]

By |August 28th, 2008|IFRS|0 Comments

IFRS – Project Management

Hello all! We are currently assessing the impact of converting from our local GAAP to IFRS to prepare for a 2011 conversion. In this first diagnostic step, we hope to capture IFRS issues by account line item, divided into 4 main categories; accounting impact(disclosure and gap), system impact, business impact and people impact. (i.e. what [...]

By |August 28th, 2008|IFRS|0 Comments

Internal Auditor and Intenal Control

Dear Friends   I am at learning process and would like to understand the following   1..Duties and resposibilities of Internal auditor   2..What is an internal control, and any website for getting material on internal control   Your guidence and inputs will improve my knowledge   thanks AK   Dear Aslam,   I think [...]

By |August 28th, 2008|IFRS|0 Comments

Internal Auditing

Dear all, Could someone help me with guidelines on setting up an internal audit department which none existed before.   Or refer me to the necessary IAS Many Thanks     Kindly visit You could download the IIA standards/frameworks and other materials/guidance or professional help you will need.     Dear James, I would be [...]

By |August 28th, 2008|IFRS|0 Comments

Revaluation of investment property

Hi,   Thanks for the information.   I would like to know, if we use cost model than also are we require to do the revaluation.   best regards Suraj Hi Suraj,  Investment property is defined as property held (by the owner or lessee under a finance lease) to rentals and/or for capital appreciation, rather than for [...]

By |August 28th, 2008|IFRS|0 Comments


Please tell me the number and subjects of international accounting and audit standards boards thanks a lot fakhkhari Hi,It is IAS19, pension liability for defined benefit plans. Met vriendlijke groet / best regards, Pieter   Hi, Could some one mail me  IAS18 ,IAS 11 and IAS 19.   Thanks Sanjana   Use this link     [...]

By |August 28th, 2008|IFRS|0 Comments