REPORT IN AUDITING (ACCTG 427A)
Submitted by: Mar Renzon Dangdang
Joseph Michael Guillermo
Mark Anthony Siva
Ma. Camille Morato
11-48 The following are the procedures that an auditor should complete when observing a clients physical
Make an itemized and optional Income Tax Return out of this problem (Form 2316)
Downloadable Form Website of BIR
Mr. Camino, a mixed income earner, presented the following data for the following year:
Annual Salary as chief finance officer
13th month pay
Methods include focus groups, in-depth interviews,
and reviews of documents for types of themes
Surveys, structured interviews & observations, and
reviews of records or documents for numeric
Purchase price or market price of bonds
An investor may wish to know in advance the total cash outlay for the bond investments at a specified
effective rate of return.
The procedures for the computation of the purchase price of bonds are:
1. Using the eff
PAS 40 prescribes the accounting treatment for investment property and related disclosure requirements.
Investment property is defined as property (land or building or part of a building or both) held by an owner or by the
EFFECTIVE INTEREST METHOD
PFRS 9 requires that bond discount and bond premium shall be amortized using the effective interest
The effective interest method is also known as scientific method or simply interest method.
Mark Anthony S. Siva
Today, as the clouds of uncertainty grow dark and threatening, theres a need for all
sectors- for all Filipinos, both young and old- to join hands and work for transformation, to make
the Philippines- a better country
Success means winning.
Every human being wants success. Everybody wants the best this life can deliver.
Nobody enjoys crawling and living in mediocrity. No one likes feeling second-class and
feeling forced to go that way.
Some of the most practical succes
Trade barriers are government-induced restrictions on international trade. The barriers can take
many forms, including the following:
Non-tariff barriers to trade
Voluntary Export Restrain