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Restructuring

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Restructuring

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • August 6, 2014 at 12:43 pm #186605
    kat
    Member
    • Topics: 11
    • Replies: 13
    • ☆

    The auditor has reviewed the board minutes to confirm that the decision of restructuring was made before year end then do we need to discuss with management to determine if they have started to implement the restructuring before year end?

    August 6, 2014 at 1:21 pm #186617
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Yes – until the decision is in the public domain, there are no accounting implications. The annual report will most likely have a note in there explaining the restructuring plans but no provision would be appropriate

    OK?

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