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

IAS 8 Revised

Dear all, kindly advice if the Suggested treatment of fraud,error e.t.c discovered which result in overstatement of cash book balance is correct: Scenario During preparation of bank reconciliation the cash book balance is discovered to be more by say $550,000.the accountant then decides to transfer this amount to debtors saying that this where it came [...]

By |March 11th, 2009|OTHER IFRS|1 Comment