- This topic has 3 replies, 2 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Report
Group auditor can’t get full access to subsidiary
What is the impact in group report and why
Depends what the reason is! And whether the restriction is temporary or not. And whether the subsidiary is material to the group financial statements or not
Not a question that is simply answered!
How do you decide if a subsidiary is material to group ? For account balances and transactions we use benchmarks. What about subsidiary as a whole ?
Same again would be the ‘normal’ way – values / amounts / volume of transactions
In the exam the examiner will give you relevant amounts that make it abundantly clear that the subsidiary is (or, rarely, is not) material