Financial Instruments - IAS 32 and IAS 39
IAS 39 and IAS 32 are examinable to the extent such they deal along with the presentation and measurement of equity, debt or else convertible debt. The typical audit toward will involve -
- Verification of the investigation between debt and equity and suitable designation to reserves and capital or liabilities
- Performing tests for arithmetical or mathematical accuracy
- Ensuring such the discount rates needed are realistic
- Ensuring such other base data in assigning is correct as e.g. the correct conversion date has been utilize.
- Ensuring such the detailed disclosures requirements are met.