Fabulous Corresponding Figures And Comparative Financial Statements

For corresponding figures the auditors opinion on the financial statements refers to the current period only.

Corresponding figures and comparative financial statements. For corresponding figures the auditors opinion on the financial statements refers to the current period only. Auditors are required to comply with the auditing standards contained in this SSA in respect of audits of financial statements for periods beginning on or after 15 December 2009. The level of detail presented in the corresponding amounts and disclosures is dictated primarily by its relevance to the current period figures.

In this module the very slight difference between comparative financial statements and corresponding figures is discussed. Corresponding Figures Comparative information figures amounts and other disclosures relating to the prior accounting period that are used as an. The auditor should obtain sufficient appropriate audit evidence that the comparative financial statements meet the requirements of the relevant financial reporting framework.

This ISA addresses separately the auditors reporting requirements for each approach. This ISA UK addresses separately the auditors reporting requirements for each approach. Whereas For comparative financial statements the auditors opinion refers to each period for which financial statements are presented.

This SSA addresses separately the auditors reporting requirements for each approach. Revised July 2010 June 2014 Effective for audits of financial statements for periods beginning on or after 15 December 2009 There are amendments attached to this HKSA resulting from the Hong Kong Companies. Work Effort Involved for Corresponding Figures and Comparative Financial Statements Audit Procedures Paragraphs 6 and 20 in extant ISA 710 which deal with the auditors procedures in respect of corresponding figures and comparative financial statements respectively both require the auditor 1 Extant ISA 710 Comparatives.

Auditing Deals with the auditors responsibilities relating to comparative information in an audit of financial statements. Comparative Information Corresponding Figures and Comparative Financial Statements CAS 710 Comparative Information Corresponding Figures and Comparative Financial Statements CAS 710 Audit Procedures Determine whether the FS include the comparative information required by the applicable financial reporting framework and whether such information is appropriately classified. Whereas For comparative financial statements the auditors opinion refers to each period for which financial statements are presented.

For corresponding figures the auditors opinion on the financial statements refers to the current period only. Whereas For comparative financial statements the auditors opinion refers to each period for which financial statements are presented. This SSA 710 Comparative Information Corresponding Figures and Comparative Financial Statements supersedes SSA 710 Comparatives in January 2010.