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Hello,
Concerning Q2. part a was actually a financing agreement and must be accounted according to the substance of the transaction. must restate asset.
part b. concerning investment property, the asset can’t be recognise as investment property because it was vacant. it must be transferred to PPE.Part c. concerning impairement. we cannot accept a reversal of impairement in the profit and loss. it must be treated as a revaluation increase.
Yes, it was question 4, about how to asess performance of directors. Do you think that the points i metioned is relevant?
Performance assessment report? Was it concerned about remmuneration committee? Assessment performance n see if there was alignment of interest with those of shareholders?
Was it also concerned about the compliance statement?
Auditors report on opinion on FS?
Could all these techniques be used to assess mgt performance??
