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Not Mike, but will give it a go anyways.
You said: “With Other info.the opinion is always unmodified right?”
Yes but not exactly. let me explain. Auditor’s responsibility regarding Other info. is to read it to find any material inconsistencies with financial statements. So if auditor finds any material inconsistency and other info. needs to be amended but management refuses to make changes to other info. auditor should report to those charged with governance. If auditors have reasons to believe that those charged with governance are also involved then as per ISA 720 they can:
a) include an other matters paragraph in auditors report highlighting the material inconsistencies;
b) with hold audit report; or
c) Withdraw from engagement as a last resort (if possible under law and regulations)
Yes they are always related parties. IAS 24 excerpt here:
“The entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others).”
Associates and joint ventures are related parties as well.
Profit or Loss in itself is not account, just like balance sheet in itself is not an account. However, Profit or Loss consists of Income and Expense accounts, which are nominal accounts
Note: this post is to just to assist. Your main resource is ICAEW website. Read through website. Read FAQs of all relevant sections.Get help from Live Help. Call them on skype for free. Email them in case of any confusion.
Overview of exemptionshttps://tinypic.com/view.php?pic=2webdrk&s=9
You can check further at
icaew.com
ICAEW – CPL Directory
Now if you have decided to start ICAEW.Let’s start the process:
1: Go to ICAEW website and complete registration.
Make sure you have stable Internet connection and 15 mins. Because if you didn’t complete the registration process altogether, then you will have to start over the process, which is very irritating.
The brief process is that you go on Welcome to ICAEW.com | ICAEW ,
click join us,
Register as student,
then complete the general sign up(as we do sign up on other websites like twitter etc). (at end you will get “Continue student registration”, click on it)
Now if there is a ICAEW employer willing to give you a contract then select the “ACCA -In training agreement option.
If you have not yet got a willing employer then select “Independent student option.
Then you will have enter your “educational & professional qualifications” etc. You can figure these details out.
The last section will be Fee payment. I used my UBL Wiz Card.You can choose whichever is best for you.
There is NO VAT applicable on Pakistani students.
2: Complete your registration
Wait for confirmation email.Soon you will receive email that you have registered for ACA.You will also receive your registration number in this email.(just like the one in ACCA). They will now ask for your transcripts and Certificate of ACCA.
Now you email these documents at the email address they provided.
3: Apply for CPL(Credits for Prior Learning)
Till September 2016, there are NO exemption fees charged to ACCA students & affiliates.
First download the CPL form from here.
Then fill it with right details and with a black pen.
Now you cab scan it and email to icaew. Or you can send it to address mentioned on CPL form.@shahidahassan said:
Anyone studying f4 f5 f6 and f5 please join mePlease go to F4,5,6 section. this is about P3
@eithu said:
i am good at calculation not really at writing which paper should i take P4 or P5? any suggestion?As a matter of fact both involve fair amount of calculations. This choice should be based on many other things not only being easy with calculations because both are mostly calculations. P4 is deeeeep but if you were comfortable with F7,9 then go for it otherwise p5 🙂
