Audit procedures for directors' emoluments (2)

Question 1

Accuracy, valuation and allocation (addition director)

Answer 1

Re-cast the addition of the schedule of directors’ emoluments

Question 2

Accuracy, valuation and allocation (amounts FS)

Answer 2

Verify that the amounts disclosed in FSs agree to this schedule

Question 3

Classification and presentation (returns tax director disclosed FSs)

Answer 3

Obtain a copy of the returns made to tax authorities in respect of each director and verify that all benefits have been properly disclosed in FSs

Question 4

Classification and presentation (adequacy emoluments accounting standards)

Answer 4

Review adequacy if disclosure in directors’ emoluments note ensuring it is in accordance with applicable accounting standards and local law