Effective interest method and Letters of representation: Difference between pages

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''Financial reporting''.
Representations by management used by auditors as a source of evidence, which have been formally noted and signed by the directors of the company being audited.
 
In relation to a financial asset or financial liability, the allocation of the difference between the initial cost and the final maturity amount using the effective interest rate.
 
Also known as the amortised cost method.




== See also ==
== See also ==
* [[Actuarial method]]
* [[Audit]]
* [[Amortisation]]
* [[Effective interest rate]]

Revision as of 10:47, 22 June 2016

Representations by management used by auditors as a source of evidence, which have been formally noted and signed by the directors of the company being audited.


See also