2投資性房地產(chǎn)審計

HeldHeld Cost–Cost–AdjusttoFairvalue,whenCV&FVdiffermaterially,differencegoestoOCIorPLFairvalueMeasureatFairvalueatreportingdate,anydifferencegoestoPLAnnualrevaluationforvolatileitemsorintervalsbetween3-5yearsforitemswithlesssignificantchanges.Ifanitemisrevalued,theentireclassofassetstowhichthatassetbelongsisrequiredtoberevalued.Anentitycanchoosweenthefairvalueandthecostmodel.Theaccountingchoicemustbeappliedtoallinvestmentproperty.2014/12Q3a(y.e.Duringtheyear,FasterJetsCopurchasedseverallargeplotsoflandlocatednearmajorairportsostof$125million.Thelandiscurrentlyrentedoutandisclassifiedasinvestmentproperty,whichisrecognisedinthedraftfinancialstatementsatafairvalueof$145million.Theauditpartnerhassuggestedtheuseofanauditor’perttoobtainevidenceinrespectofthefairvalueoftheland.Required:Inrespectofthelandrecognisedasinvestmentproperty:(i)Exintheadditionalinformationwhichyourequiretontheauditoftheland;and(ii)Exinthematterstobeconsideredinassessingthereliancewhichcanbecedontheworkofanauditor’pert.(10marks)preparer期末價值14.5Matterstoconsiderwhencerelianceonexpert–Auditorandthevaluernotfinanciallyhave alorbusinessCompetenceandcapabilitiesoftheWhetherthevaluerismemberofappropriateprofessionalbodies,InstituteofQualityValuer’sknowledgeandtrackrecords,e.g.shouldhaveexperienceinvaluingsuchproperty,andbefamiliarwiththeframeworkformeasuringfairvalueinaccordancewithIAS40andIFRS13Matterstoconsiderwhencerelianceonexpert–ScopeofAuditorshouldagreethescopeofworkwiththeexpert,objectivesofthehowtheexpert’sworkwillbeusedbythemethodologyandkeyassumptionstobeMatterstoconsiderwhencerelianceonexpert–RelevanceofAuditorshouldsourcedataused,e.g.location,size,condition,appropriatenessofassumptionsandthereasonsforanychangesinmethodologyorassumptions,e.g.futurerental e,discountfactor,futuresellingpriceTheconclusionshouldbeconsistentwithotherrelevantauditfindingsandwiththeauditor’sgeneralunderstandingofthebusiness.(ii)InvestmentLifesonCoownsabuildingwhichithasusedasawarehousetostoreinventory.On1April20X4thebuilding,whichhadnotsufferedanyhistoricimpairments,hadacarryingamountbasedondepreciatedhistoriccostof$323,000andafairvalueof$348,000.Onthisdate,LifesonCovacatedthebuildingandmovedtheinventorytonewlargerpremises.Managementdecidedtokeepthebuildinginordertorentitoutasastoragefacilitytolocalbusinessesandtobenefitfromanyreasesinpropertyvaluations.(ii)InvestmentOn31March20X5,thebuildinghadnotbeenletandithadafairvalue,accordingtoanexternalvaluer,of$353,000.Thedraftfinancialstatementsforthecurrentyearrecognisethebuildingasaninvestmentpropertyatacarryingamountof$353,000andludeafairvaluegainof$30,000inprofitbeforetaxfortheyear.Sereclassificationasaninvestmentproperty,depreciationhasnotbeenchargedinrelationtothebuilding.(6marks)Transferstoorfrominvestmentpropertyshouldonlybemadewhenthereisachangeinuse.①Foratransferfrominvestmentpropertycarriedatfairvaluetoowner-occupiedpropertyorinventories,thefairvalueatthechangeofuseisthe‘cost’ofthepropertyunderitsnewclassification.FVFVDrCr②Foratransferfromowner-occupiedpropertytoinvestmentpropertycarriedatfairvalue,IAS16shouldbeapplieduptothedateofreclassification.AnydifferencearisingbetweenthecarryingamountunderIAS16atthatdateandthefairvalueisdealtwithasarevaluationunderIAS16.1/7 CV FV

1/7 CV FVDrPPECrOCIDr CrPPEDrIP30CrPL

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