(ii) From the information provided above, recommend the matters which should be included as ‘findingsfrom the audit’ in your report to those charged with governance, and explain the reason for theirinclusion. (7 marks)
(ii) From the information provided above, recommend the matters which should be included as ‘findings
from the audit’ in your report to those charged with governance, and explain the reason for their
inclusion. (7 marks)
相关考题：
12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,000 forinsurance for the year to 30 September 2005.What figures should appear for insurance in the company’s financial statements for the year ended 30 June2005?Income statement Balance sheetA $27,200 Prepayment $19,000B $39,300 Prepayment $9,500C $36,700 Prepayment $9,500D $55,700 Prepayment $9,500
(e) Briefly provide five reasons to the management of Bailey’s why financial rewards could be considered to improve motivation. (5 marks)
(ii) why the ‘fair value option’ was initially introduced and why it has caused such concern. (5 marks)
Required:(iii) A firm of consultants has offered to undertake a study on behalf of Envico Ltd which will provide perfectinformation regarding seminar attendance during the forthcoming year.Advise the management of Envico Ltd with regard to the maximum amount that they should pay toconsultants for perfect information regarding seminar attendance and comment briefly on the use ofperfect information in such decisions. (5 marks)
(ii) Division C is considering a decision to lower its selling price to customers external to the group to $95per kilogram. If implemented, this decision is expected to increase sales to external customers to70,000 kilograms.Required:For BOTH the current selling price of CC of $105 per kilogram and the proposed selling price of $95per kilogram, prepare a detailed analysis of revenue, costs and net profits of BAG.Note: in addition, comment on other considerations that should be taken into account before this sellingprice change is implemented. (6 marks)
(b) (i) State the condition that would need to be satisfied for the exercise of Paul’s share options in Memphisplc to be exempt from income tax and the tax implications if this condition is not satisfied.(2 marks)