Question
Find Primero Group Limited; Main accounting policies may include: - Policies regarding property, plant & equipment (PPE) (e.g. cost or revaluation model). - Policies regarding
Find Primero Group Limited;
Main accounting policies may include:
- Policies regarding property, plant & equipment (PPE) (e.g. cost or revaluation model).
- Policies regarding inventory (perpetual or periodic, FIFO, average etc.).
- Policies regarding account receivables.
- Policies regarding financial instruments.
- Policies regarding intangible assets.
- Policies regarding revenue recognition.
Related parties and transactions with related parties
- Controlled entities (names and percentage of financial benefit or voting right).
- Non-controlled entities (names and percentage of financial benefit or voting right).
- Other related parties (names and their relationship with the client).
- Transactions with related parties in the financial year.
Changes in accounting policies and the impact of changes
- Any changes in the year compared to prior years and the possible or actual impact of these changes on the financial report.
- Any expected impact as a result of the changes in accounting standards in the future.
- Discuss the potential impact of those identified on the future audit work.
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