Welcome!

This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.

You have been appointed as the external auditor of Modjaji Limited. The managing director, Tom Burke, has asked you to reflect his directors' fees of R3,6 million under Salaries and Wages in the Income Statement. Would you agree to this ?

1 Answer

Best Answer

No. It is a disclosable asset. It is unethical

No.This is a material amount which is of interest to the shareholders who have appointed the directors and it should therefore be shown separately in the financial statements (concept of materiality)

no. There needs to be transparency

Public Subscriber

Private Schools

Government Schools

Home Schools

Corporate Login

Knowledge Bank

Welcome!

1 Answer