[sukhdeo]

Thanks for your response

[sukhdeo]

Thanks very much sir

[sukhdeo]

Thank you sir.

[sukhdeo]

Just to clarified what is said above , see below the full workings if it is correct :

Year Details cash flow Discount rate (13%) P/Value

0 Market Value (120) 1 (120)

1-5 Interest

5 Redeemable 110 0.543 59.7

Present Value of interest = 60.3 (120-59.7)

So the coupon rate is 60.3/ 3.517 times 100 = 17.14 %.

Additionally , if the company pay corporation tax let say 30%. the interest does not have to be less by the 30% tax as in IRR computation.

Thank you for a urgent response sir.

[sukhdeo]

Thank you sir.

[sukhdeo]

Sir thank you very much for your reply.

[sukhdeo]

Sir kindly assist how to apply inflation . I send my concern regarding question 2 June 2014 dated September 24, 2014 at 1.57 pm.

[sukhdeo]

Thank you sir. I will watch the presentation on CAPM shortly , as per your guidance.

[sukhdeo]

Thank you sir.

[sukhdeo]

Thank you sir.

[sukhdeo]

Thank you for ur answer

[sukhdeo]

Thank u very much for your comment

[sukhdeo]

Thank u for ur assistance

[sukhdeo]

what is the difference between objectivity and independence.

[sukhdeo]

when considering an audit opinion to be issued :

what is a disclaimer opinion

what is an adverse opinion

additionally, in the context of opinion what pervasive mean. In my view an audit is base on pervasive evidence rather than conclusive evidence meaning that only sample items are tested and not all items are tested 100%

[sukhdeo]

Materiality what are the bases to determine materiality :

IN BPP Text the common approach is the average of : revenue 0.5 % – 1 %, total assets 1% to 2% and profit before tax 5%

this is an acceptable approach to determine materiality. Additionally how performance materiality is computed and apply to audits

[sukhdeo]

When a question requirement asking for Principal Audit risk or Risk of Material misstatement , how should this be analysed.

Can the answer look at it as for : assets & expenses there is a risk of overstatement and
liability & income there is a risk of understatement

or i can say that there may be a risk of misstatement if for example provisions are not applied to year end balances on receivable. Or
look at the item and say receivables may be overstated due to provisions not applied to year end balances

[sukhdeo]

Does husband & wife working as audit senior in an audit firm and are ACCA qualified ,consider conflict of interest or any other
breach to ethcis

[sukhdeo]

what are the preconditions that must be in place in order for a firm to accept appointment as auditors

What are the code of ethics auditors need to comply with in general

[sukhdeo]

When auditing a company financial statements , as auditors which audit strategy to adopt (systems audit/ balance sheet approach/risk based /directional testing/ analytical testing) or all of the strategy need to apply when auditing a company financial statements. Additionally, my experience is that u test internal controls (system audit) substantive testing on balance sheet amounts and analytical testing on contracts for expenses etc. Kindly advice if each of the above strategy need to apply and give examples Thank u

[sukhdeo]

what ARE the requirementS under IFRS GOVERNING PROVISIONS FOR LOAN LOSSESS

[sukhdeo]

Regards to PESTEL MODEL : POLITICAL IS WHAT GOVERNMENT IS DOING FOR THE COUNTRY OR WHAT THE GOVERNMENT IS DOING FOR THE BUSINESS Eg THE BUSINESS RECEIVED GOVERNMENT GRANT IS THIS POLITICAL / ECONOMIC

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