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in j08 B.co granted 50 million shares to employes.The cost is being recognized ovr 3 yrs.curntly assumed opt vl vest and xpense cal on that basis.
what are the audit risk?i think the audit risks are the share options could be overstated/understated. Such as the IFRS 2 may not have been applied correctly, i.e grant date may not have been used, some employees may not qualify for share options. Yet again the auditor will have to obtain sufficent appropriate evidence in relation to this, such as inspect the agreement of employment for employees.
if it is split for 3 years – should DR expense and CR share options for each year – it may give you comparisons from lasy years SOFP and this year. If so the liability should have increased. If it is not then they could be a risk that the share options have not been included.
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