Oudit van ekwiteit en mpy wet
Bewegings in ekwiteit
Transaksiestellings
Reserwes
Topbestuur
Risk
Eerder goed deur reserwes as deur w/v
Wil uitsmooth
Of wil bv sekere goed wegsteek
Behoue verdieste
Stellings??
Reeds geoudit—w/v
Deurvolg na sploci
Eisndsaldo deurvolg sfp toe
Issue shares
Occurence
Really happened
Correct authorization
Co act
Completenes
Acc, cutoff, classification
Inspect MOI
Enough issued shares
Board of directors should issue shares
Within reason
Authorized share capital written into moi
Minutes of meeting whre approved
Protect shareholders
If directors acquired shares
Other specific co act requirements to audit
What will do ito legality
2 years shareholders agreement
Whether directors may hold shares
Opening balance
Possible co act 38
Detail
Authorization 36/38
39 subscription
41 approval for issueing
40 consideration
44 assistance
Acc treatment
Bank statemetnt for inflow of cash
Possible agreements and authorization thereof with shareholder
Schedule of all who took up shares
Sample
Mediator
Will have schedule
Updating of share register
Balance
Hoeveelheid
Cost price
What is on share register
Shares held
Name
Address
Date acquired
Limitations
Who purchased
From whom purchased
Should be in line with amount of authorized shares
Recalc
Proof
Authorized minutes price
Entry in register
Inspections of bank statements
Accuracy
Accuracy
Follow total trhough to general ledger and journal
And fs
Sce
All issues really happened
Ask directors any additional
Minutes
Disclosure
Reserves
Acc treatments of any items flowing through
Fair vlaue
When through oci and when through p/l
Internal control
Board authorization
Accounting policy of company
Movements and minutes
Revaluation
Main board
Specific notes as to what consists of
Risks that it might be subjective rather tsh n objective
Possibly through p&l
Did they use experts?
Should use own expert
Acc policy consistency
Disclosure and follow through to statements
Retained earnings
P&L
Dividends
Transactions
Minutes
Statutory requirements
Distributions by board 46
Moi restrictions
Solvency and liquidity
Audit of
Minutes that they applied test and what are details
Admit
Within 120 business days
Dates
When dividend paid
Recalculate
Integrity of data
Accounting
Bank statements for outflow
Cashbook
Published that they will declare dividend
Date of register
Who owned on that day
Schedule on who was paid dividend
Amount per share paid
Minutes of meeting
Cutoff
Date of declaration
Minutes
Irrelevant when actually paid
Completeness
Minutes
Proof of any other not written up
Management rep letter
Disclosure
Sce
Notes to afs
Not necessarily only cash
Cap shares or rights
Minutes
Follow procedures
Debentures
Higher risk
Acc treatments
Co act
External confirmations
Nature of
Premium
Effective rates
Calculations
Recalculate
Premium and the proof of this premium
Coupon rate
T&C
Proof of this premium
Minutes
Validity and reasonability
List of
Price
Period
Amount
Etc
Security other tha share
43
Authorization by board
Moi
Ifrs 9
Possible built in derivative
Financial intrument
Amortised cost
Cash receipt
Receive cash
Register and schedule
Follow through to general ledger
Also for classification as debt not equity
Material amount
Small amount of people
Especially if owned in comapny
Nature of holders
Pty ltd vs public have different requirements
If not said that didnt issue to directors can get mark for the fact that can chech schedule for possible issues to directors—movements in amounts
Also fine except if not shareholders agreement
Co act
Why audit
Isa 250
Effect on afs
Substantive in nature usually
What to do when non compliance?
Ethical require To report and disclodure
Inspect
Minutes
Notices and meetings
Register of directors contracts and interest
Share register
Agreements and contracts
Ordinary and special resolutions
Bank statements/cashbook
Afs
Cash advance
Minutes
Solvency and liquidity test
Fair and reasonable
Trial balance shortly after to seeif they really were liquid
Moi
Any specific restrictions regarding granting of assistance
Check minutes to see if they were complied with
Minutes of shareholders meeting
click to edit
Insect moi regarding any specific requirements regarding the special resolution
Minutes to ensure at least75% or company specific were exersiced in favour of the assistance
Written notice to shareholders and union compliance with 45(5)
Within 10 business days if exceedsone 10th of 1% of net worth
30 business days in any other case
Eft for amount
Loan agreement
Parties
Amounts
Terms
Interest rate
Security provided