Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru

Soft Copy of Notes will be provided for all our courses till lockdown.
Due to complete lockdown our services will be restricted

 Meet Us Here
1 Answers
RaviRavi Staff answered 1 year ago

If subsidiary is following WDV method and holding is following SLM for similar assets under similar conditions then we will have to adjust subsidiary figures while doing consolidation to match it with SLM method of holding, so depreciation and fixed assets value will be adjusted 
This is called harmonisation of accounting policies 
 
Auditor is not suppose to do this adjustment he is suppose to check whether adjustment is done by company while consolidation process 

Call Back Request