EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
Question
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Chapter 16, Problem 16.30P

a.

To determine

 

Introduction: Fair value measurement is related to IFRS 13 which permits fair value measurement and the disclosure about the fair value measurement. IFRS 13 provides fair value related to exit price notion and uses a fair value hierarchy which gives market-based measurement.

The fair value inputs to the value of each account.

b.

To determine

Introduction: Fair value measurement is related to IFRS 13 which permits fair value measurement and the disclosure about the fair value measurement. IFRS 13 provides fair value related to exit price notion and uses a fair value hierarchy which gives market-based measurement.

The valuation levels for each of the identified inputs as well as the accounts as a whole.

c.

To determine

Introduction: Fair value measurement is related to IFRS 13 which permits fair value measurement and the disclosure about the fair value measurement. IFRS 13 provides fair value related to exit price notion and uses a fair value hierarchy which gives market-based measurement.

The audit plan, by account so that S can obtain assurance regarding the fair value of each input.

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