F1 Exam Dumps : Financial Reporting

Whether the entity has kept proper accounting records.

Whether the entity has complied with the relevant legislator requirements in respect of the necessary disclosures.

Whether all the information and explanations necessary for the purposes of the audit have been received.

Whether every transaction that underpins the financial statements has been correctly recorded.

Whether the entity has been exposed to any fraud.

International Accounting Standards Board

Standards Advisory Council

International Financial Reporting Interpretations Committee

International Organisation of Securities Commission

Standards Application Council

International Financial Reporting Evaluations Committee

An inability to pay trade payables.

Having to offer bulk discounts to customers.

An inability to pay dividends to shareholders.

A shortage of inventory