Dear Tutor,
If the company issued during the year new shares at premium, would it be a valid procedure to review the statement of changes in equity to ensure that the newly issued shares are included correctly?
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Substantive procedures - equity
9y ago#1Inspect board minutes
Inspect offer document
Inspect some applications
Reconcile changes in share capital and share premium to amounts received for the issue.
Thank you for the examamples.
But would my example also be valid or is it wrong?
9y ago#3Reviewing the changes in equity would have to be done in conjunction with the tests above.
Thank you.
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