For Q1, is it possible that the company owning 50% might be a joint control ? Did anyone think about it and should be accounted for as a joint control, using equity method ? Also it it non adjusting event regarding disclosure ? I couldn’t come to a conclusion on that one.
Also did anyone talk about operating segments ?? 10% revenue and asset ???
Also the capitalization of the full $43, reconstructing cost may have some expenses that need to be expensed? Change in depreciation policy ?
Q3. Was it ok to use Assurance engagement preconditions as I didn’t read forensic audit even when my gut told me to.