General features of a set of financial statements: fair presentation, going concern, materiality and aggregation, comparatives and consistency

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  DRAFT_NOTE_1_STATES_COMPLIANCE_WITH_IFRS_BUT_3_LEASES_FOLLOW_A_LOCAL_RULE

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Compliance statement not supported: requirement not applied

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

  A_REQUIREMENT_OF_THE_LEASE_STANDARD_IS_NOT_APPLIED_TO_3_CONTRACTS

• Going concern

  JudgmentRequired

  Not applicable

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  AUDIT_COMMITTEE_MINUTES_OF_28_FEBRUARY_20X7

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

  CASH_FORECAST_OF_15_MONTHS_AND_CREDIT_LINE_RENEWED_UNTIL_30_JUNE_20X8

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

  640,000

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Not applicable

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

• Going concern

  JudgmentRequired

  Going concern basis appropriate, no material uncertainty

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

  NO_INTENTION_TO_LIQUIDATE_AND_FORECAST_CASH_STAYS_POSITIVE

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  FOUR_SMALL_EXPENSES_OF_A_SIMILAR_NATURE_IN_THE_OPERATING_EXPENSES

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

  POSTAGE_SUBSCRIPTIONS_BANK_CHARGES_AND_DONATIONS

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

  11,900

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Not applicable

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

• Going concern

  JudgmentRequired

  Not applicable

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

• Materiality and aggregation

  JudgmentRequired

  Immaterial items aggregated

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

  SIMILAR_NATURE_AND_NO_INFLUENCE_ON_THE_DECISIONS_OF_USERS

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  CLOSURE_OF_A_DEPOT_RECORDED_IN_THE_OPERATING_EXPENSES

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

  RESTRUCTURING_COSTS_OF_A_DIFFERENT_NATURE_FROM_THE_ORDINARY_EXPENSES

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Not applicable

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

• Going concern

  JudgmentRequired

  Not applicable

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

• Materiality and aggregation

  JudgmentRequired

  Material item presented separately

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

  DISSIMILAR_NATURE_AND_MATERIAL_FOR_THE_USERS

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  MANAGEMENT_PROPOSES_NOT_TO_RECOGNISE_AN_INVENTORY_WRITE_DOWN_TO_PROTECT_A_BANK_RATIO

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

  380,000

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Departure not justified

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

  AVOIDING_A_RATIO_IS_NOT_A_CONFLICT_WITH_THE_OBJECTIVE_OF_THE_FINANCIAL_STATEMENTS

• Going concern

  JudgmentRequired

  Not applicable

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  REQUIREMENT_EXISTS_IN_IAS_1_AND_IS_MOVED_TO_AMENDED_IAS_8

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

  NO_CHANGE_IN_THE_ASSESSMENT_OF_THE_20X6_STATEMENTS

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Not applicable

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

• Going concern

  JudgmentRequired

  Going concern basis appropriate, no material uncertainty

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

  THE_REQUIREMENT_MOVES_BUT_THE_ASSESSMENT_IS_UNCHANGED

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  WORKING_CAPITAL_DEFICIT_AND_RENEWALS_NOT_SIGNED

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

  CASH_FORECAST_OF_15_MONTHS_WITH_A_SHORTFALL_IF_THE_CREDIT_LINE_IS_NOT_RENEWED

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

  7,070,000

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Not applicable

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

• Going concern

  JudgmentRequired

  Material uncertainty to disclose in the notes

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

  NO_INTENTION_TO_LIQUIDATE_BUT_THE_RENEWALS_ARE_NOT_SIGNED

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Facts and conditions of the entity: activity, financing, events of the period, envisaged compliance statement

  TextRequired

  ALL_THE_APPLICABLE_REQUIREMENTS_ARE_APPLIED_ONCE_THE_BORROWING_IS_RECLASSIFIED

• Information about the future: cash forecasts, renewed financing, intentions of management

  Text

• Items that are candidates for aggregation or separate presentation: nature, function, amounts

  Text

• Comparative information and presentation changes of the period

  Text

• Documents obtained and referenced (cash forecasts, financing contracts, minutes, detailed trial balance)

  EvidenceRequired

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Points examined: general features

  ChecklistRequired

  • Components of the complete set identified: financial position, profit or loss and other comprehensive income, changes in equity, cash flows, notes
  • Explicit and unreserved compliance statement only if all the applicable requirements are met
  • Going concern assessed by management; material uncertainties disclosed
  • Accrual basis, except for the cash flow information
  • Materiality: material classes presented separately, immaterial items aggregated
  • Comparative information of the previous period for all the amounts
  • Presentation and classification retained from one period to the next except by exception
  • Complete set presented at least annually

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Key amount of the assessment (case data or result of a calculation)

  Number

IAS 1 §25IAS 1 §29IAS 1 §38IAS 1 §45

• Fair presentation, compliance and departure

  JudgmentRequired

  Unreserved compliance statement supported

  Unreserved compliance statement supported / Compliance statement not supported: requirement not applied / Departure not justified / Not applicable

  Professional judgment: the compliance statement holds only if all the applicable requirements are met; the reason for a departure is not a preference of management.

• Rationale: requirements applied, differences found, reason given for a departure

  Text

  THE_CLASSIFICATION_IS_CORRECTED_AND_THE_UNCERTAINTY_IS_DISCLOSED

• Going concern

  JudgmentRequired

  Not applicable

  Going concern basis appropriate, no material uncertainty / Material uncertainty to disclose in the notes / Going concern basis not appropriate / Not applicable

  Professional judgment: management takes into account all the available information about the future; the conclusion is supported by the facts and not by a threshold.

• Rationale: horizon of the assessment, information about the future, intention to liquidate or absence of a realistic alternative

  Text

• Materiality and aggregation

  JudgmentRequired

  Not applicable

  Immaterial items aggregated / Material item presented separately / Not applicable

  Professional judgment: an item can be material by its nature even if its amount is small; the standard imposes no percentage.

• Rationale: nature and function of the items, effect on the decisions of users

  Text

IAS 1 §25

• Information to prepare on the general features

  Checklist

  • Statement of compliance with IFRS
  • Material uncertainties about going concern, where applicable
  • Basis of preparation of the financial statements

• Normative references cited in this workpaper

  References

• Facts of the entity describedPass
• Fair presentation judged and supportedPass
• Going concern judged and supportedPass
• Materiality judged and supportedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0