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Non-conterminous(not same) year end for Group audit

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Non-conterminous(not same) year end for Group audit

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • October 5, 2013 at 1:23 pm #142106
    dizfaris
    Participant
    • Topics: 23
    • Replies: 19
    • ☆

    What does Group Auditor need to do if the sub doesn’t have the same year end as the group ?
    For both less than 3 months and more than 3 months..thank you so much..

    October 5, 2013 at 8:06 pm #142117
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23318
    • ☆☆☆☆☆

    The parent company directors shall secure as far as possible that the subsidiary year end is coterminous with that of the parent. If that is not possible – for example the subsidiary is required by local law to have a specified year end date – the subsidiary should prepare interim accounts up to the parent’s accounting reference date

    Ok?

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