631-640: Accounting and Audit - Accountancy Forum Topics

External Auditor Sole Purpose-detection Of Fraud?

if I do a debate, and the topic is "The sole purpose of external auditor is detection of fraud",My side is really difficult.what is my debate directions/arguments?

Standard Industry Ratio

All; Please advise that from where I would be able to get Textile Industry Standard Financial Ratio. I visited twice time to KSE and LSE as well as SECP site but not succeed. This will help out me in completion of my project timely. Thanks in advance Khalil

Cost Of Machine For Special Training Of Staff

A machine has an invoice value of 10 million and cost of special training of staff to operate that machine is Rs 50000. Will we add this training cost to the cost of asset purchased?

Prudence.

AOA,brothers and sisters, Plz tell me the solid reason about why prudence concept ignore expected gains and why not record this like expected loses.

Accounting Entry On The Date Of Incorporation

when subscriber of the memorandum taken up shares what is the accounting entry which will be made as on the date of incorporation and what is its background

Foreign Nationals As Shareholders

AOA Can anybody guide me with respect to the requirements of the companies ordinance for induction of a forign national in a Private Limtied Company as new shareholder. Also, are there any requirements as per the forign exchage regulation in this respect. Thanks in advance. Regards / Ayub

Faisal Bhai -deperado

Faisal bhai sends me your email plz. And please explain the terms leverage ratio with example, fromulas and compunents of formulas. Also about impairement lose or cost. with easy wordimg. and Sunk cost.

Acca F8 June 09

Hello.................... How was your ACCA F8 June 09 exam................. paper was pretty ok not difficult not so easy........... except question 1, I feel other questions are quite ok........... I really thankful for my F8 Get through guides Distance Learning Tutor and examiners tips provided by them. If you also want to know about them then visit at http://getthroughguides.co.uk/

Auditor Appointment

I want to know that if small company appoints auditor and did not audit there financial statements. then who is responsible for that.... is there is any penalty on a company or auditors?

Introduction Of Cpa-pakistan Qualification

The Institute of Certified Public Accountants of Pakistan (ICPAP) was established as a non profit society under license of the Federal Government of Pakistan granted by Registrar Joint Stock Companies under Societies Registration Act of XXI of 1860 in June 1992 with the objective of imparting world class training in Accounting, Finance, Auditing, Management, Corporate and Tax Laws to students, working executives and professionals in Pakistan. The Institute of Certified Public Accountants of Pakistan (ICPAP) launched the Certified Public Accountant (CPA) Program in 1994 with a state of the art course design and curriculum. Over the years, the Certified Public Accountant (CPA) Program received overwhelming response from a wide cross section of students, professional and working executives. Currently there are 250 CPAs who successfully completed the CPA Program of ICPAP and received the CPA Charter. Today the ICPAP is the leading voice of corporate accountants and financial executives. Members consist of professionals such as chief financial officers, chief executive officers, financial controllers and others in the field of corporate accounting and financial management. www.icpap.com.pk