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	<title>IFRS LIST.com &#187; AUDIT</title>
	<atom:link href="http://www.ifrslist.com/tag/audit/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ifrslist.com</link>
	<description>The Community about IAS/IFRS, International Accounting</description>
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	<language>en</language>
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		<item>
		<title>Non Profit Agency and Auditing</title>
		<link>http://www.ifrslist.com/2009/12/06/non-profit-agency-and-auditing/</link>
		<comments>http://www.ifrslist.com/2009/12/06/non-profit-agency-and-auditing/#comments</comments>
		<pubDate>Sun, 06 Dec 2009 07:49:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[NON PROFIT]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1531</guid>
		<description><![CDATA[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 of the audit report? Does the external auditor become an extension of the personality of the funder?  IS there such a thing as a project audit that will not be within ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2009/10/22/audit-engagement-contract-non-profit-non-stock-entity/' rel='bookmark' title='Permanent Link: audit engagement contract,  non-profit non-stock entity'>audit engagement contract,  non-profit non-stock entity</a></li>
<li><a href='http://www.ifrslist.com/2010/11/18/profit-from-foward-contract/' rel='bookmark' title='Permanent Link: Profit from Foward Contract'>Profit from Foward Contract</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Standards for sme&#8217;s:not for profit organizations'>Standards for sme&#8217;s:not for profit organizations</a></li>
</ol>]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Fradulant Presentation of Financial Statement</title>
		<link>http://www.ifrslist.com/2009/03/25/fradulant-presentation-of-financial-statement/</link>
		<comments>http://www.ifrslist.com/2009/03/25/fradulant-presentation-of-financial-statement/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 16:56:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[FRAUD]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1230</guid>
		<description><![CDATA[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 of conduct and supporting to produce Fradulant Financial Statement.
Where it should be reported and how.specialy in focus of UAE.
I shall be obliged for quick and comprehencive guidance.
Ahmad


Related posts:Example of Financial Statement (Model IFRS financial statements for 2009)
Financial Statement ...


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<li><a href='http://www.ifrslist.com/2010/08/22/fs-consolidation-2/' rel='bookmark' title='Permanent Link: Financial Statement Consolidation'>Financial Statement Consolidation</a></li>
<li><a href='http://www.ifrslist.com/docs/ias-1-presentation-of-financial-statements/' rel='bookmark' title='Permanent Link: IAS 1 – Presentation of Financial Statements'>IAS 1 – Presentation of Financial Statements</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Audit quality control</title>
		<link>http://www.ifrslist.com/2009/03/03/audit-quality-control/</link>
		<comments>http://www.ifrslist.com/2009/03/03/audit-quality-control/#comments</comments>
		<pubDate>Tue, 03 Mar 2009 07:48:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[QUALITY]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1195</guid>
		<description><![CDATA[Greating Dear   sir
Can we measure or assured the quality of audit?
With regard
kalehiwot


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<li><a href='http://www.ifrslist.com/2008/08/28/internal-audit-report/' rel='bookmark' title='Permanent Link: Internal audit report'>Internal audit report</a></li>
</ol>]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Audit Informationa Hotel (Hospitality) Project</title>
		<link>http://www.ifrslist.com/2008/12/15/audit-informationa-hotelhospitality-project/</link>
		<comments>http://www.ifrslist.com/2008/12/15/audit-informationa-hotelhospitality-project/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:39:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[PROJECT]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-audit-informationa-hotelhospitality-project/</guid>
		<description><![CDATA[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


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<li><a href='http://www.ifrslist.com/2008/08/28/audit-program/' rel='bookmark' title='Permanent Link: Audit program'>Audit program</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-ifrs-project-management/' rel='bookmark' title='Permanent Link: IFRS &#8211; Project Management'>IFRS &#8211; Project Management</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Acquisition accounting</title>
		<link>http://www.ifrslist.com/2008/12/15/acquisition-accounting/</link>
		<comments>http://www.ifrslist.com/2008/12/15/acquisition-accounting/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[BUSINESS COMBINATION]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CONSOLIDATION]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 3]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[SUBSIDIARY]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-acquisition-accounting/</guid>
		<description><![CDATA[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 assets and libailities assumed of 15M. Where
should I record the 15M goodwill? Is this in the subsidiary company B or
in parent company A?


Based on IAS21, p. 47, I would say in the sub.
All the best, Farah

L&#8217;adresse e-mail de votre correspondant a changé. Elle devient:  prenom.nom@gdfsuez.com
Nous vous remercions de bien ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-equity-accounting/' rel='bookmark' title='Permanent Link: Equity accounting.'>Equity accounting.</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-ias-27-query/' rel='bookmark' title='Permanent Link: IAS-27 query'>IAS-27 query</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Request for auditing standard</title>
		<link>http://www.ifrslist.com/2008/12/15/request-for-auditing-standard/</link>
		<comments>http://www.ifrslist.com/2008/12/15/request-for-auditing-standard/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[FOREIGN CURRENCY]]></category>
		<category><![CDATA[FOREX]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-request-for-auditing-standard/</guid>
		<description><![CDATA[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&#38;L. The forex is not attributable to the asset but to the financial liability.http://www.ifac.org/IAASB/
My apologies for my earlier answer.
Regards,
Jeroen


 
 



http://www.ifac.org/Store/Category.tmpl?Category=Auditing%2C%20Assurance%20%26%20Related%20Services


Related posts:PPP
Internal Auditing
Equity investments AFS is a non-monetary items?



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</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Categories of financial assets IAS 39</title>
		<link>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/</link>
		<comments>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[LINK]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-categories-of-financial-assets-ias-39subject-to-tainting-rule/</guid>
		<description><![CDATA[
Hi, Members.
 
In regard to the above subject please help me to answer the following question.
 
One of the four categories of financial assets as classified in IAS 39, Financial Instruments: Recognition and Measurement is subject to &#8220;tainting rule&#8221;. Identify the category and explain what is tainting rule.
 
Thanks and Regards.
 

Kibona






Hi,


Tainting Rule means:
Where an entity sells or transfers more than an &#8216;insignificant amount&#8217; of its held-to-maturity investments it must reclassify all of them as available-for-sale. It is then prohibited from classifying any assets as held-to-maturity for the next two full annual financial periods, ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-cash-equivalent/' rel='bookmark' title='Permanent Link: Cash equivalent'>Cash equivalent</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Consolidation , Foreign exchanges ( rates)</title>
		<link>http://www.ifrslist.com/2008/12/15/consolidation-foreign-exchanges-rates/</link>
		<comments>http://www.ifrslist.com/2008/12/15/consolidation-foreign-exchanges-rates/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[CONSOLIDATION]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[REPORT]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-fw-ifrs-list-consolidation-foreign-exchanges-rates/</guid>
		<description><![CDATA[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 to consolidate in 1 reporting currency.
2- Every month we report the PL ( Year to Date figures ) , and the balance with other schedules &#8230;
MY Question is : We should use the average rate of the PL and month end rate for Balance ...


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<li><a href='http://www.ifrslist.com/2009/04/30/foreign-currency-translation-issue/' rel='bookmark' title='Permanent Link: Foreign currency translation issue'>Foreign currency translation issue</a></li>
<li><a href='http://www.ifrslist.com/2010/07/05/consolidation-3/' rel='bookmark' title='Permanent Link: Consolidation'>Consolidation</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Internal audit procedures</title>
		<link>http://www.ifrslist.com/2008/12/15/internal-audit-procedures/</link>
		<comments>http://www.ifrslist.com/2008/12/15/internal-audit-procedures/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:25:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-internal-audit-procedures/</guid>
		<description><![CDATA[Hello

 
does anyone have sample internal audit questionary? SOX survey ? procedures etc.???
 
thanks



 
 

Dear
Could you specify the concerning areas u need sample questionnaires!


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</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Not-for-profit organizations</title>
		<link>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/</link>
		<comments>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERESTS]]></category>
		<category><![CDATA[INTERNAL CONTROL]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[PROJECT]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[TAX]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-not-for-profit-organizations/</guid>
		<description><![CDATA[In Canada, public companies and financial institutions (generally)
will be adopting IFRS in 2011. Private companies will have the choice
between IFRS and or local Canadian standards specifically for them. It
has not been announce yet what will happen with &#8220;Not-for-profit&#8221;
organizations (generally charities), but it seems likely they will
also have a choice between IFRS and local Canadian standards designed
specifically for not-for-profit organizations (essentially the private
company accounting standards with some extras/exceptions).
Can I ask what happens in other countries that are using (or adopting)
IFRS? Do private companies have a choice to adopt IFRS, are there
local ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Standards for sme&#8217;s:not for profit organizations'>Standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/fwd-ifrs-list-standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations'>Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/non-profit-organizations/' rel='bookmark' title='Permanent Link: Non-Profit Organizations'>Non-Profit Organizations</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Inventory Report</title>
		<link>http://www.ifrslist.com/2008/12/15/inventory-report/</link>
		<comments>http://www.ifrslist.com/2008/12/15/inventory-report/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:21:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INVENTORY]]></category>
		<category><![CDATA[REPORT]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-inventory-report/</guid>
		<description><![CDATA[Hi&#8230;
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 know the
format of writing such reports. is there any standard format?


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<li><a href='http://www.ifrslist.com/2010/07/14/writing-down-inventory/' rel='bookmark' title='Permanent Link: Writing-Down Inventory'>Writing-Down Inventory</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Impairment Goodwill</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-impairment-goodwill/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-impairment-goodwill/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:19:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
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		<category><![CDATA[CONSOLIDATION]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-impairment-goodwill/</guid>
		<description><![CDATA[Por favor podría alguien indicarme en donde puedo encontrar
información sobre metodologías para la medición del deterioro del
Goodwill. Sería Adecuado usar multiplos como base para su medición.
Please could someone tell me where can I find information on
methodologies for the measurement of impairment of Goodwill. Could i
use the methodology of multiples as a basis of measurement
Sincerely
Wilmar


Wilmar
You can send me a private note in Spanish if you like
That said as the Group is an English speaking one here is my view
(others might disagree)
1. Under IFRS the impairment testing is two fold
a) Th consolidation ...


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<li><a href='http://www.ifrslist.com/2009/10/05/assessing-for-impairment-indicators-on-transition-date/' rel='bookmark' title='Permanent Link: Assessing for Impairment Indicators on Transition Date'>Assessing for Impairment Indicators on Transition Date</a></li>
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		</item>
		<item>
		<title>What is this ACCA?</title>
		<link>http://www.ifrslist.com/2008/12/15/what-is-this-acca/</link>
		<comments>http://www.ifrslist.com/2008/12/15/what-is-this-acca/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:16:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[TRAINING]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-what-is-this-acca/</guid>
		<description><![CDATA[I&#8217;m a CPA from the US. Is the ACCA something I should join? I&#8217;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 curious here.


Dear Justin,
ACCA is a British qualification mostly recognisted by European based
mutlinational corporations, British in particular. Please also consider
CIMA which is also Brtish qualification with more focus on management
accounting (controlling). With both qualifications you can take IFRS
path.
Please visit www.accaglobal.com ...


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<li><a href='http://www.ifrslist.com/2008/12/14/ifrs-lectures/' rel='bookmark' title='Permanent Link: IFRS lectures'>IFRS lectures</a></li>
<li><a href='http://www.ifrslist.com/2011/06/21/ifrs-implementation-cum-global-qualification-on-3rd-july-2011-in-new-delhi/' rel='bookmark' title='Permanent Link: IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi'>IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Training centre for IFRS course of ACCAI?</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-training-centre-for-ifrs-course-of-accai/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-training-centre-for-ifrs-course-of-accai/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:16:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[TRAINING]]></category>
		<category><![CDATA[AICPA]]></category>
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		<category><![CDATA[CPA]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-training-centre-for-ifrs-course-of-accai/</guid>
		<description><![CDATA[Where can I find the training centre for IFRS in Mumbai &#8211; 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 every June &#38; December
with exam center being in Mumbai.
THanks
Puneet


Related posts:What is this ACCA?
IFRS lectures
IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi



Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/15/what-is-this-acca/' rel='bookmark' title='Permanent Link: What is this ACCA?'>What is this ACCA?</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/ifrs-lectures/' rel='bookmark' title='Permanent Link: IFRS lectures'>IFRS lectures</a></li>
<li><a href='http://www.ifrslist.com/2011/06/21/ifrs-implementation-cum-global-qualification-on-3rd-july-2011-in-new-delhi/' rel='bookmark' title='Permanent Link: IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi'>IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi</a></li>
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		</item>
		<item>
		<title>Capitalization of WIP</title>
		<link>http://www.ifrslist.com/2008/12/14/capitalization-of-wip/</link>
		<comments>http://www.ifrslist.com/2008/12/14/capitalization-of-wip/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:44:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 2]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-capitalization-of-wip/</guid>
		<description><![CDATA[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 only when it has been delivered to the company?
 
What IFRS would be applicable?
 
Thanks,
Isabelle



 


IFRS 16 would be applicable &#8220;Plant , Property and Equipemnt&#8221;
 
Recognisation -
Items of property, plant, and equipment should be recognised as assets when it is probable ...


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<li><a href='http://www.ifrslist.com/2008/12/15/calculation-of-deferred-tax/' rel='bookmark' title='Permanent Link: Calculation of deferred tax'>Calculation of deferred tax</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/exceptional-items-vs-extraordinary-items/' rel='bookmark' title='Permanent Link: Exceptional Items vs. Extraordinary Items'>Exceptional Items vs. Extraordinary Items</a></li>
</ol>]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Just one question</title>
		<link>http://www.ifrslist.com/2008/12/14/just-one-qustion/</link>
		<comments>http://www.ifrslist.com/2008/12/14/just-one-qustion/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:42:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 38]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-re-ifrs-list-just-one-qustion/</guid>
		<description><![CDATA[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 of IAS 38 ..cash inflow, technical feasibility, intention, available market etc.
 
Thank you,
Regards,
Debdulal



Do you expect with relative certainty that the development of the new web will bring new cashflows to the company?



 
If yes-then it should be recognised as an asset
If not-it is an expense and should be ...


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<li><a href='http://www.ifrslist.com/2008/12/15/microsoft-licence/' rel='bookmark' title='Permanent Link: Microsoft licence &#8230;.'>Microsoft licence &#8230;.</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>IFRS 7</title>
		<link>http://www.ifrslist.com/2008/12/14/ifrs-7-2/</link>
		<comments>http://www.ifrslist.com/2008/12/14/ifrs-7-2/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 16:27:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EXCHANGE RATE]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
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		<category><![CDATA[IAS 1]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-ifrs-7-2/</guid>
		<description><![CDATA[Hi

 
Please let me know the salient points in IFRS 7 which has been recently been made a mandatory disclosure in the audited financial statements.
Regards
Raghavan
 




 
Under IFRS 7 there are 12 requirements:
 








Requirement 1
Reconciliation of carrying amounts by classes of financial instruments to IAS 39 measurement categories (at least these categories are HTM, AFS, FVTPL, Loans and Receivables). An entity shall make the decision which classes of financial instruments are appropriate to the nature of the information disclosed taking into account the characteristics of those financial instruments.


Requirement 2
Description of processes for managing the ...


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</ol>]]></description>
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		</item>
		<item>
		<title>Internal audit report</title>
		<link>http://www.ifrslist.com/2008/08/28/internal-audit-report/</link>
		<comments>http://www.ifrslist.com/2008/08/28/internal-audit-report/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:29:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>
		<category><![CDATA[INTERNAL AUDIT REPORT]]></category>
		<category><![CDATA[REPORT]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-internal-audit-report/</guid>
		<description><![CDATA[Hey all , need some help in writing an internal audit report , i&#8217;m an internal auditor , i&#8217;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 did research and i know all the standards steps but always i find difficulties word and express my finding in a professional executive summary or detailed report ,  wish you got the point and someone ...


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<li><a href='http://www.ifrslist.com/2008/08/28/cost-allocation-basis-of-internal-audit-fee-between-2-entities/' rel='bookmark' title='Permanent Link: Cost allocation basis of internal audit fee between 2 entities'>Cost allocation basis of internal audit fee between 2 entities</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Audit program</title>
		<link>http://www.ifrslist.com/2008/08/28/audit-program/</link>
		<comments>http://www.ifrslist.com/2008/08/28/audit-program/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[AUDIT PROGRAM]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-audit-program/</guid>
		<description><![CDATA[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 audit programme for lab process you may applied standard audit procedure after accquring reasonable knowledge of processes of relevant laboratroy.
If you received any good program please forwarded it to me
Thank You &#38; Best Regards,
 
AMIR



Related posts:Audit Informationa Hotel (Hospitality) Project
Internal audit ...


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<li><a href='http://www.ifrslist.com/2009/10/22/audit-engagement-contract-non-profit-non-stock-entity/' rel='bookmark' title='Permanent Link: audit engagement contract,  non-profit non-stock entity'>audit engagement contract,  non-profit non-stock entity</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>CIA exam</title>
		<link>http://www.ifrslist.com/2008/08/28/cia-exam/</link>
		<comments>http://www.ifrslist.com/2008/08/28/cia-exam/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:27:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CERTIFICATED INTERNAL AUDITOR]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[INTERNAL AUDIT]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-cia-exam/</guid>
		<description><![CDATA[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 



  
 



I passed the CIA exam here in Jordan last November, Amir…

If you need any help, below are my contacts.







Dear Amir
CIA exam are being held by Institute of Internal Auditors. web site is www.theiia.org . You can take the exam in your country.
Kind regards
Cetin



Related posts:What is this ACCA?
Audit Informationa Hotel (Hospitality) Project
Budget



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	</channel>
</rss>

