194 paragraphs found
Judgements about materiality are made in light of surrounding circumstances, and are affected by both quantitative and qualitative factors. It should be noted, however, that decisions regarding materiality are not affected by the level of assurance, that …
The assurance practitioner may obtain this understanding through a combination of procedures such as: Enquiring of the responsible party and other entity personnel involved in compiling the pro forma financial information. Enquiring of other appropriate …
The assurance practitioner may obtain an understanding of how the responsible party has compiled the pro forma financial information by considering, for example: The source from which the unadjusted financial information has been extracted. The steps …
In a business combination or divestment, areas that may give rise to complexity in the compilation of the pro forma financial information include allocations of income, overheads, and assets and liabilities among or between the relevant businesses. …