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Listed Entities

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Listed Entities

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • November 22, 2015 at 6:07 pm #284635
    jemma242
    Member
    • Topics: 81
    • Replies: 96
    • ☆☆

    Hi

    From my studies I understand there are separate rules for listed companies in comparison to non listed companies.

    Could you please confirm a few questions I have:

    – When is an auditor allowed to carry out non-audit work, for example valuation services on a pension plan? (when its immaterial and insignificant?!)

    – Am I correct in stating that an audit firm cannot prepare financial statements for listed companies unless there is an emergency?

    Just a few things have confused me slightly and I wanted to get it right!

    Thank you
    Jemma

    November 23, 2015 at 8:36 pm #284798
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22699
    • ☆☆☆☆☆

    “When is an auditor allowed to carry out non-audit work, for example valuation services on a pension plan? (when its immaterial and insignificant?!)” – yes, and ideally will have audit committee approval

    “Am I correct in stating that an audit firm cannot prepare financial statements for listed companies unless there is an emergency?” – yes – threat of self-review

    November 23, 2015 at 9:17 pm #284802
    jemma242
    Member
    • Topics: 81
    • Replies: 96
    • ☆☆

    Thanks for your help :0)

    November 24, 2015 at 12:56 am #284813
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22699
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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