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Admin07.08.2021

Events after Audit Reporting Period: Post Audit Responsibilities

Discovery of the Facts Existing at Report Date The auditor has no responsibility for the post-audit of facts existing at the date of the audit report.
1603
Admin31.07.2021

Correction of an Error in Financial Statements

Then the understatement of payables may have been intentional.
3508
Admin26.06.2021

Events after Audit Reporting Period: Post Audit Responsibilities

What if, for example, the recording of the 2018 payables would have adversely affected the company's compliance with debt covenants? Well, if the amount is not material, then the correction of the error may not be required.
3301
Admin12.06.2021

Correction of an Error in Financial Statements

I am a practicing CPA and Certified Fraud Examiner.
2809
Admin11.06.2021

Correction of an Error in Financial Statements

In addition, I consult with other CPA firms, assisting them with auditing and accounting issues.
4108
Admin21.08.2021

Correction of an Error in Financial Statements

The first being that if regulatory rules are being brought into IFRS, then the staff analysis seems to be the right approach, however the second key argument was to do nothing and leave in the realm of the regulator since the issue of dual dating was not for IFRS to deal with.
4609
Admin10.07.2021

Correction of an Error in Financial Statements

I am the quality control partner for our CPA firm where I provide daily audit and accounting assistance to over 65 CPAs.
5502
Admin28.07.2021

Correction of an Error in Financial Statements

An entity shall not adjust the financial statements in respect of those events after the end of the reporting period that reflects conditions that arose after the end of the reporting period i.
2704
Admin26.08.2021

Correction of an Error in Financial Statements

The plan should reflect the facts, regardless of when they are discovered—in the early stage of the engagement or later.
7601