Mp221

• Internal Code :
• Subject Code : MP221
• University : Wentworth Institute of Technology My Assignment Services is not sponsored or endorsed by this college or university.
• Subject Name: General Accounting and Finance

Contents Question-1: Question-2: Question-3: Question-4: References: Auditing and Assurance - Question 1 As per IAS-37; Provisions, Contingent Asset and Liabilities, management is responsible to account for it and reflect them in financial statements. Since the claim has been filed but not yet approved, no adjustment is needed. But it needs to disclose in F/S because it would have a significant effect on users of financial…