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Dear Sir/Madam,
the question states a PFI (balance sheet, and income) and ask to explain and discuss the scope and nature of examination of the statement.
I dont understand the question, could you explain for me what is scope, and what is the nature of exmination please.
thank you very much.When company got adverse publicity regarding product 1 month after the year ended. do we need to write down the inventory at the year end, and shoud the impairment carry out at the year end, do we have to make and provision, or contingent liability regarding legal claim as result of this product.
thanks
Part B of this question I think would require a disclosure in FS for that year ended following the adverse publicity as it is a sudsequent event.
If in the preceeding year, d adverse publicity gets worse & mgt has done nothing to improve the product, a provision for writedowns and legal claims must be made thereby increasing liabilities by that amount.
Dont really understand part A.Hi
I’d like to see the question for myself – please. What’s the name or the ACCA examination month and year
I’m not sure I understand chiani’s post – neither the first paragraph nor the secong.
I do understand his / her last line
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