The answer that Lucy gave can be regarded as perverse. But is it? There is a lot of truth in it, especially if you look at today's world. Physical presence in the era of teleconferencing, skype and online accounting is not required. If we can self check out some of the accounting calculations using the independent online system, the physical contact for the purpose of impairment testing or deferred tax calculation becomes redundant.
When is audit independent?
Tags: impairment of assets how to calculate deferred taxes temporary differences
Facebook comments