Question 1d
Marking Guide
up to 1 mark per substantive procedure | |
discuss with directors whether formal announcement made of redundancies | |
review supporting documentation to confirm present obligation | |
review board minutes to confirm payment probable | |
cast breakdown of redundancy provision | |
recalculate provision and agree components of calculation to supporting documentation | |
review post year-end period to compare actual payments to amounts provided | |
written representation to confirm completeness | |
review disclosures for compliance with ias 37 provisions, contingent liabilities and contingent assets | |
max marks | 4 |