[Fazan Abid]

no one??

[Fazan Abid]

thank you

[Fazan Abid]

this is when the parent is supporting a subsidiary which is facing going concern issues right?

[Fazan Abid]

Matters to Consider before accepting PFI

PINED

Period covered by the PFI
Intended user
Nature of assumption
Element of PFI
Distrubutories

[Fazan Abid]

Facts that auditor has to consider before acceptance:

LIST

Logistics: deadline of AGM, location, staff availability, clients mangt(risk attached with client).
Information Tech: Software, ERP (used by client)
Subsidiary Report: What kind of reports required.
Timings: Timing of procedures, test of control and Substantive Procedure.

[Fazan Abid]

Contents of Tender:

w2ROCE

Who we aRe: Histroy, portfolio, group structure, Senior profile
What we Offer: Services etc.
What we Charge: qoute fee exactly.
What we Expect: Client Responsilbility.

[Fazan Abid]

so DDR and PFI provide limited assurance or no assurance?

[Fazan Abid]

Understanding a Business “INOM”

I – information System
N – Nature of Business
O – Objective/Strategies/Risk
M – Measuring Performance

[Author]

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