Where assets are impaired, provisions for asset impairment are made in accordance with relevant regulations. Where the historical cost is adopted as the measurement basis, assets are recorded at the amount of cash or cash equivalents paid or at the fair value of the consideration given to ...
2019 and 2018 and its consolidated cash flows for the nine-month periods ended September 30, 2019 and 2018 in accordance with "Regulations Governing the Preparations of Financial Reports by Securities Issuers" and International Accounting Standard 34,"Interim Financial Reporting" as endorsed by the Fi...
In addition, companies audited by downturn auditors are less likely to violate financial reporting and disclosure regulations. Together, our findings suggest that the early career stage is a critical formative period for auditors. JEL Classifications: J24; M42. 展开 ...
This study has main implications for regulatory bodies and business practice. After the Enron scandal, the US-American government implemented the Sarbanes Oxley Act 2002, which leads to massive regulations on business reporting, corporate governance and external auditors. The famous Wirecard scandal in ...
The assets may be impaired due to internal or external factors, including a decline in Group performance, changes in competition, unfavorable market conditions and changes in legislation or regulations. These changes are likely to have an impact on the Group's forecast cash flow and, consequently,...
The International Standards on Auditing (ISA) consider the understanding of the control environment as a basic phase of an auditor’s assessment of in
This suggests that the success of regulations that increase auditor independence may be dependent upon the nature of the client's contracting relationships, and thus vary across companies and economic sectors. Appendix A. Supplementary data The following is the supplementary data to this article: ...
During the period under review the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. We further report that the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and ...
Differences between IFRS and Russian statutory tax regulations give rise to certain temporary differences between the carrying value of certain assets and liabilities for financial reporting purposes and for income tax purposes. 27 OAO NOVATEK Notes to the Consolidated Financial Statements (in thousands ...
This is mainly due to the fact civil law nation have a comparatively weaker legal system, investor protection, and enforcement of rules and regulations [46]. Thus, when the retention of ownership is strong, the involvement of reputable auditors and underwriters may not have a major effect on ...