Mse Checklist

12454 WordsFeb 6, 201350 Pages
FINANCIAL STATEMENTS DISCLOSURE CHECK LIST FOR MEDIUM-SIZED ENTITIES (MSEs) The Institute of Chartered Accountants of Pakistan FINANCIAL STATEMENTS DISCLOSURE CHECKLIST FOR MSEs NAME OF THE ENTITY _____________________________ FINANCIAL STATEMENTS FOR THE YEAR ______________________________________ NAME OF THE AUDITOR ______________________________ INDEX Introduction and Explanatory Comments Page No. 1 PART I 1.0 2.0 3.0 General General Disclosure Information Fundamental Accounting Assumptions Significant Accounting Policies 2 4 5 PART II 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 PART III PART IV PART V Balance Sheet Information to be Presented on the face of the Balance sheet Share Capital Reserves Surplus…show more content…
MSE 1.12 c. d. e. f. 1.2 Is each component of the financial statements clearly identified? Has the following information been prominently displayed and repeated when it is necessary for a proper understanding of the information presented: a. b. c. the name of the reporting entity or other means of identification; the balance sheet date or the period covered by the other financial statements, whichever is appropriate to the related component of the financial statements; and the reporting currency. 1.3 Has the Entity disclosed the following, if the information is not disclosed elsewhere in the information published with the financial statements: MSE 1.36 a. the domicile and legal form of the entity, its place of incorporation and the address of the registered office (or principal place of business, if different from the registered office); a description of the nature of the entity's operations and its principal activities; and the name of the parent and the ultimate parent of the group. MSE 1.1 b. c. 1.4 Do the financial statements include: a. b. c. balance sheet; an income statement; a statement showing either: i) ii) all changes in equity; or changes in equity other than those arising from capital transactions with equity holders acting in their capacity as equity holders

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