loan to director

subst

Minutes of meeting

Inspect minutes at leas 75% voting (or requirements) @ shareholders meeting

Solvency and liquidity test according to them

Inspect trial balance afterwards to see if they really passed solvency and liquidity

Terms reasonable and fair

MOI for specific requirements

MOI for specific restrictions

Inspect copy of written notice sent to shareholders ito 45(5)

Loan agreement

Name and parties

Amount

Rate

Payment terms

Date granted

Bank statement loan was granted

Calculation of disc cash flow and reperform

figures on schedule with those on agreement

specific disc rate?????

Loan balance at year end

Reperform interst

Inspect cashbookfor dates and amounts for receipt of cash payments

Confirmation letter form director

Casting on loan balance general ledger

agree to trial balance, gl and afs

AFS to ensure that

Separately disclosed

Presented as current asset

Valuation and occurrence in management rep letter