[tthenappan]

Thanks for your reply Sir!

Just clarifying,

1. Single commercial objective means Money.

2. “Single Performance Obligation” means Combo of goods /& services being transfer of control right?

3. Gist of the story is that Combo of Goods & Services is priced as per IFRS 15’s 5 Step Model? Treated kind of like single contract?

Thanks a lot for your help Sir!

Am I right?

[tthenappan]

Matters to consider for new group client – Is it going to be the following factors?
Pre condition
Risk
Independence
Resources
Fee
Professional Competency and Due care

Or Audit Risk in Group – FX Translation issues, Consistent A/C Policy to be adopted, etc..

[tthenappan]

Yes they have to qualify their opinion as they are not making appropriate disclosure according to IFRS 16.

[tthenappan]

Can we approach Q1. (c) in the form of Audit of Performance Information? Social and Environmental Information?

[Author]

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