Post by amina147 on Mar 7, 2024 5:00:03 GMT -5
The its share of the annual net sales revenue of its subsidiaries is added. Of the assets liabilities income and expenses arising from intragroup transactions all those with subsidiaries and their share of the company and its direct subsidiaries are eliminated. Partial or complete elimination of intragroup transactions is optional. Subsidiaries and affiliates owned indirectly by companies through their subsidiaries are also considered subsidiaries and affiliates of the company. The fact that only the parent company subsidiary or affiliate of a company that does not meet the conditions of being subject to independent audit is subject to audit does not require this company to be subject to audit as well.
Construction and Repair Works Spanning More than One Calendar Year Total assets and annual net sales revenue for companies undertaking Austria Phone Numbers List construction and repair works that extend over more than one calendar year are determined as follows. In the calculation of the total assets the Construction and Repair Costs over Years calculations in the Uniform Chart of Accounts are not taken into account. net sales revenue only the amounts recorded in the relevant period in the Construction and Repair Progress Payment Fees accounts in the Uniform Chart of Accounts are added to the annual net sales revenue.
At the end of the work the parts transferred from accounts in the Uniform Chart of Accounts to the relevant period income statement are not taken into account in the calculation of annual net sales revenue. Independent Auditor Selection The auditor must be elected by the companys general assembly. The auditor must be selected separately for each activity period and probably before the end of the activity period in which he will perform his duties. After the election the board of directors must register without delay which auditor has assigned the audit duty and have it announced in the Turkish Trade Registry Gazette.
Construction and Repair Works Spanning More than One Calendar Year Total assets and annual net sales revenue for companies undertaking Austria Phone Numbers List construction and repair works that extend over more than one calendar year are determined as follows. In the calculation of the total assets the Construction and Repair Costs over Years calculations in the Uniform Chart of Accounts are not taken into account. net sales revenue only the amounts recorded in the relevant period in the Construction and Repair Progress Payment Fees accounts in the Uniform Chart of Accounts are added to the annual net sales revenue.
At the end of the work the parts transferred from accounts in the Uniform Chart of Accounts to the relevant period income statement are not taken into account in the calculation of annual net sales revenue. Independent Auditor Selection The auditor must be elected by the companys general assembly. The auditor must be selected separately for each activity period and probably before the end of the activity period in which he will perform his duties. After the election the board of directors must register without delay which auditor has assigned the audit duty and have it announced in the Turkish Trade Registry Gazette.