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QUESTION ONIAS 1 0 CAKIUABenson Lid is a listed ( elecommunication company which prepares its financialIstatements farthe yeat ended 3 1 October, 2 0 2
QUESTION ONIAS CAKIUABenson Lid is a listed elecommunication company which prepares its financialIstatements farthe yeat ended October, in accardance with IFRS. The financial statements are duc to be authorised for issue on January Benson Lid holds an investment in the shares of a listed company, Aafo Lid. shares. Analysts attribute the fall in value principally to a fraud dating back to DATE Deccmber fat war discovered by Acafo Lid's management and armounosdpublicly in November Py In December the directors of Benson Ltd publicly announced a plan to redace the workforce by as a result of worsening cconomic conditions.Required:Discuss the effects of each of the above items on the francial statements of Benson Ltd forthg year ended October in accordance with IAS Events after
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