Checklist of the scope, the level of detail and the significant judgments: control, joint control, significant influence and investment entity: Hanel — 16% of the voting rights

Context

Norvane Group SA (fictitious entity) closes its consolidated accounts on 31 December 20X6. The preparer builds the file of the disclosures on interests in other entities, submitted to a review check: Tolmer and Hanel (judgments), Belmont (non-controlling interests), Arvel and Nolet (associates) and unconsolidated structured entities. Teaching simulation: the review trail of the file (preparation, reviewer notes and final sign-off) is simulated for demonstration purposes; it is neither a real review nor a validation of the content.

Assignment

Judgments on Tolmer and Hanel

Purpose of the workpaper

List the interests held in other entities and management's conclusion on control, joint control or significant influence, then decide which judgments to explain and the level of detail. Percentages of voting rights and attendance at meetings are case data: none is presented as a threshold of the standard, and materiality remains a judgment.

Questions of the file covered by this workpaper

• In which category of interests does each investee fall, and which disclosures does IFRS 12 aim at?
• Tolmer: what share of the votes cast does Norvane hold?
• Tolmer: which judgment on control must be explained?
• Hanel: which judgment on significant influence with less than 20 % of the voting rights must be explained?

• MemoGroup profile and file conventionsOpen
• MinutesTolmer SA and Hanel SAOpen
• ExtractBelmont SA: accounts, non-controlling interests and licenceOpen
• ExtractArvel SA and Nolet SA: summarised informationOpen
• ContractStructured entities Orchis and PyrelOpen
• MemoSustainability report of the groupOpen
• MinutesAttendance statement of the Tolmer meetingsOpen