0
How do you audit share based payments and special purposes entities?
Karencasse
examples of audit procedures for share based options
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is a special audit?
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
What is a audit?
Special audit is that audit which is conducted for specific agenda or scope or for any special reason other than normal statutary audit which is to find out about the true and fair nature of financial statements.
What is the Purposes of an external audit?
To have an objective outside accounting firm with no interest in the outcome perform the audit to ensure it is truthful and correct.
Definition of special audit?
an audit for special purpose who is employed by government
What is the difference between product audit and process audit in automotive industry?
Product audit are audit for product itself. Criteria product, how to know the product, what is special identification an so on. Process audit are audit to the process to produce the part from incoming material to part become finish goods...
Under what circumstances would a company seek a compilation or a review instead of an audit?
Many banks want some form of assurance from small business owners (nonpublic entities) before lending them significant sums of money, but realize that an audit is not necessary
Why is it important for a public company that an external audit is performed on an annual basis?
So that the public company's investors, creditors, interested regulatory entities and potential investors, creditors and regulatory entities have independent unbiased confirmation of the finances of the company on a regular basis.
Special quality of beer brewed for some Oxbridge Colleges?
Audit Ale
What major changes did the 1996 Single Audit Act Amendments make to the act?
The amendments exempt entities receiving a relatively small amount of federal funds, enacts guidelines to ensure that high-risk programs are subject to audit, and simplifies reporting requirements.
What is the difference between audit report and audit certificate?
Guidance Note on Audit Reports and Certificates for Special Purposes 1. Introduction 1.1 Government authorities may, under various statutes or notifications, require reports or certificates from auditors in support of statements or other information prepared by an enterprise. Reports or certificates on specific matters may also be required from auditors by an enterprise, for its own special purposes. These reports or certificates cater to specific requirements of the individual users unlike a 'general purpose report' e.g. an auditor's report on financial statements which is intended for general use. An audit report or certificate for special purpose is one to which the format of general purpose audit report is not applicable. 1.2 This note is intended to provide guidance to members who way be called upon to give audit reports or certificates for special purposes (herein referred to as 'reporting auditors'). Reports on profit and/or financial forecasts and on tax audit do not fall within the scope of this guidance note.* 2. Scope of Special Purpose Audit Reports and Certificates 2.1 Audit reports or certificates for special purposes may be issued in connection with: a. financial statements which are prepared in addition to general purpose financial statements; b. specified elements, accounts or items of a financial statement; c. compliance with requirements of any agreement or statute or regulation; d. financial information given in special purpose formats or schedules; e. compilation of statistics or ascertainment of basic figures e.g., for the purpose of fixing quotas or levies. 2.2 A reporting ' auditor Should appreciate the difference between the terms certificate' and 'report'. A certificate is a written confirmation of the accuracy of the facts stated therein and does not involve any estimate or opinion. A report, on the other hand, is a formal statement usually made after an enquiry, examination or review of specified matters under report and includes the reporting auditor's opinion thereon. Thus, when a reporting auditor issues a certificate, he is responsible for the factual accuracy of what is stated therein. On the other hand, when a reporting auditor gives a report, he is responsible for ensuring that the report is based on factual data, that his opinion is in due accordance with facts, and that it is arrived at by the application of due care and skill. 3. Responsibility for Preparation of Special Purpose Statements The primary responsibility for the contents of a special purpose statement rests with the enterprise and this would be evidenced by a suitable declaration or authentication by the management on the face of the statement.
What is government auditing?
Government audit is process of auditing of government organization's account by government auditors. Government auditing is carried out to assess the performance of public accountability by government entities.
What is the Special quality of beer brewed in oxbridge colleges?
audit ale- see google online dictionary
