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Vision of EP is to spread words of knowledge to the world and has been established with the vision of bringing new horizons to quality education in Pakistan.

Owner: epofficial2012

Listed in: Academics

Language: English

Tags: ISA, IAS, Educated Pakistan, Education, Knowledge

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Latest Blog Posts for Educated Pakistan

  • O Level's Guide
    on Apr 13, 2013
    Nowadays, there is an increase in O Level's demand and people are diminishing their priority of Matric or Intermediate System and moving towards O level as it is subject-based qualification by GCE [ General Certificate of Education, UK ].Advantage of...
  • Achieve Success Through Stress
    on Jan 14, 2013
    PERSONAL SUCCESSUSE STRESS TO MAKE YOU MORE SUCCESSFULRecent research has found that 40 percent of us have to take time off work because of stress related- problems. But if you are to perform to your maximum ability, certain levels of pressure and ch...
  • ISA 230: Audit Documentation
    on Nov 25, 2012 in Audit Basics Audit ISA 230
    Scope: It deals with the auditor’s responsibility to prepare audit documentationSpecific documentation requirements of other ISAs do not limit the scope of ISA 230Principal Purposes / Objective of Audit Documentation:  is to provide evidence;O...
  • ISA 706 - Emphasis of Matter Paragraphs And Other Matter Paragraphs in the Independent Auditor’s Report
    on Nov 9, 2012 in Audit Basics Audit ISA 706
    Scope:It deals with the communication of additional matters in the Auditor’s reportObjective:To draw the users’ attention to any matter or matters that is ;Disclosed or presented in the financial statements, that is of importance to the users’...
  • ISA 705 – Modification To The Opinion In The Independent Auditor’s Report
    on Nov 6, 2012 in ISA 705 Audit Basics Audit
    Scope :Forming an Opinion, when modification of the report is considered necessary by the auditor.Modification of the opinion depends on : Nature of the matter giving rise to the modification, that is,Material misstatement in the financial statements...
  • ISA 610: Using Work of Internal Auditors
    on Nov 2, 2012 in ISA 610 Audit
    Important Terms:Internal Audit Function:An appraisal activity established or provided as a service to the entity.Amongst other things, its function includes:Examining ,Evaluating,Monitoring the adequacy &Effectiveness of internal control.Internal...
  • Task to be Performed During Audit:
    on Oct 27, 2012 in Audit Basics Audit
    Material is for reading purpose & copyright of its writer. Task to be Performed:  Pre-Audit and During Audit 1 Department Manager Contact: Where considered appropriate, contact the relevant  Department Manager(s) affected by...
  • IAS 41 - Agriculture
    on Oct 26, 2012 in Accounting [ IAS ] IAS 41
    Introduction Objective of IAS 41 is to assist the individual in understanding accounting for biological assets and agricultural produce. ScopeIAS 41 should be applied to the following agricultural activities:Biological assets; Agricultural produce at...
  • IAS 41 - Recognition and Measurement
    on Oct 26, 2012 in Accounting [ IAS ] IAS 41
    Recognition and recording biological assets or agricultural produce takes place when the enterprise:(i)            controls the asset or the future benefits that will flow from it and (ii) &...
  • IAS 41 - Presentaion & Diclosures
    on Oct 26, 2012 in Accounting [ IAS ] IAS 41
    KQ5XFRHFXTVF PresentationBiological assets must be presented separately on the face of the balance sheet. DisclosureGeneralOn initial recognition of biological assets and agricultural produce, the following disclosures should be made:The aggregate ga...
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