A question of presentation

Article Abstract:

An exposure draft of proposed amendment to IAS1, Presentation of Financial Statement was published by the International Accounting Standards Board (IASB) has published and the second phase is under way. It is reported that the proposals provide benefits to users of financial statements by combining information with shared characteristics and providing additional trend information and at no extra cost to those who prepare the information.

International Accounting Standards Board

Inspiring confidence

Article Abstract:

The role of chartered accountants, as people making decisions required knowledge and guidance based on the highest technical and ethical standards, was never more important in the world's economies. The members of the ICAEW provide that better than anyone by challenging people and organisations to think and act differently, providing clarity and rigour, and help creating and sustaining prosperity.

Management dynamics, Services information, Services, International aspects, Practice, Accountants

Do the numbers make sense?

Article Abstract:

The key elements of analytical procedures that should be carried out at both the planning and review stage of the audit as per the auditing standard on the subject, SA5, 410, are discussed. The elements such as objective of the test, method used, results and conclusion must be recorded, thus enabling the auditor to enhance efficiency and effectiveness of his work.

Auditing