Table of contents (expand)
83. REVISION OF PROFIT DISTRIBUTION. ASSESSMENT OF THE INTERNAL CONTROL SYSTEM. COMPLIANCE CONTROL
1. Evaluate the distribution of the organization’s profit in the following areas:
▪ profit before tax;
▪ income tax;
▪ net profit;
▪ share of net profit allocated for dividends;
▪ dividend per ordinary share, rubles;
▪ the volume of large capital investments of the organization;
▪ availability of loans to finance capital investments.
2. Discuss with the auditee how dividend proposals and discussions are documented. Ask to see the minutes of the meeting of the board of directors at which the size of the dividend was discussed. Is it possible to look at some calculations, projects, justifications for proposing this particular dividend amount and not another. Did any of the members of the board of directors propose other options for the size of dividends? Is this reflected in the minutes?
3. Discuss with representatives of the board of directors what their vision of the organization’s dividend policy is, what plans for the future, and whether there is a strategic development plan for the organization.
4. Draw a conclusion about the state of internal control in this area.
On this area compliance control consists mainly in monitoring compliance with the norms of the joint-stock legislation, including compliance with the terms of payment of dividends.
<< Back: Audit of debt on loans. Efficiency control
>> Forward: Profit distribution revision. efficiency control
We recommend interesting articles Section Lecture notes, cheat sheets:
▪ Materials Science. Lecture notes
▪ Theory of accounting. Lecture notes
▪ Children's infectious diseases. Lecture notes
See other articles Section Lecture notes, cheat sheets.
Read and write useful comments on this article.
<< Back
Latest news of science and technology, new electronics:
The existence of an entropy rule for quantum entanglement has been proven
09.05.2024
Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>
Mini air conditioner Sony Reon Pocket 5
09.05.2024
Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>
Energy from space for Starship
08.05.2024
Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>
| Random news from the Archive Mold free space uneasy
05.07.2012
A well-known hypothesis called panspermia states that life can be transported from planet to planet and even between neighboring star systems by microorganisms traveling on asteroids. True, for this it is necessary that microorganisms can withstand the harsh conditions of space for a very long time - cold, vacuum, radiation, etc.
It turns out that on Earth there are microorganisms that can exist in such conditions for at least a year. This was proven by the Expose-E experiment carried out on the ISS, the results of which were published in a special issue of the Astrobiology Journal.
The experiment began in February 2008, when a specially equipped container the size of a diplomat with many compartments was sent to the ISS, which contained complex organic mixtures and various microorganisms - bacteria, seeds, molds and algae. In total, 664 biological and biochemical samples "arrived" on the ISS. The container was exposed outside the European module of the station and for 18 months many microorganisms and mixtures contained in it existed in outer space, exposed to vacuum, solar ultraviolet radiation, cosmic ray radiation and frequent temperature changes. For the remaining samples in closed compartments, the conditions that exist on the surface of Mars were recreated.
In 2009, the contents of the container returned to Earth and were subjected to a thorough examination. Scientists have found that the mold Xanthoria elegans, collected for an experiment in the mountains of Spain, survived the space travel best of all. In space, she fell into hibernation, waiting for more favorable conditions, and, returning to Earth, began to grow again. In a vacuum, the water in it immediately evaporated, the deadly ultraviolet of the Sun did not kill it, and even the X-ray and gamma radiation of cosmic rays, which destroy DNA and introduce many mutations into it, did not bring visible harm to it. Biologist René Demetz of the European Space Agency, who participated in the experiment, said that the survival rate of the Xanthoria elegans mold has no equal on Earth.
|
Other interesting news:
▪ Genes for gray hair, beard and eyebrows found
▪ The rich live 9 years longer than the poor
▪ Solinftec robot for crop protection
▪ Electronic brain control implant
▪ The computer game was recognized as a medicine
News feed of science and technology, new electronics
Interesting materials of the Free Technical Library:
▪ section of the Electrician website. PTE. Article selection
▪ article Look and something. Popular expression
▪ article How did people sew in ancient times? Detailed answer
▪ Article Ziziphus real. Legends, cultivation, methods of application
▪ article Tube amplifier on EL-34. Encyclopedia of radio electronics and electrical engineering
▪ article Estonian proverbs and sayings. Large selection
Leave your comment on this article:
All languages of this page
Home page | Library | Articles | Website map | Site Reviews
www.diagram.com.ua
2000-2024
Arabic
Bengali
Chinese
English
French
German
Hebrew
Hindi
Italian
Japanese
Korean
Malay
Polish
Portuguese
Spanish
Turkish
Ukrainian
Vietnamese