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Substantive procedures – equity

This topic has 4 replies, 2 voices, and was last updated 5 years ago by boma77.

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November 1, 2016 at 1:15 pm #346963
boma77
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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?
November 1, 2016 at 4:48 pm #346995
Ken Garrett
Keymaster
- Topics: 10
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Inspect board minutes
Inspect offer document
Inspect some applications
Reconcile changes in share capital and share premium to amounts received for the issue.
November 1, 2016 at 5:13 pm #346997
boma77
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Thank you for the examamples.
But would my example also be valid or is it wrong?
November 1, 2016 at 5:31 pm #347002
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10057
Reviewing the changes in equity would have to be done in conjunction with the tests above.
November 1, 2016 at 8:12 pm #347021
boma77
- Topics: 70
- Replies: 97
Thank you.
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