The intent of this guide is to provide additional information for those auditing the fishing industry. This additional information is tailored for use during audits of fish processing plants; larger, vertically integrated organizations; and fish brokers. This guide concentrates on specific audit issues which are evident within these types of organizations. These fall mainly into the treatment of capital assets and transactions and foreign-related party transactions. This guide is separated into these two major categories. Chapter 1, Capital Assets and Transactions, includes the issue of the appropriate depreciable life for factory trawlers, processing equipment, and other vessels. Working with Capital Construction Funds is an additional topic in this chapter. Within the discussion of tender vessels, the issue of employment taxes is examined. Chapter 2, Foreign Business Considerations, was developed due to the enormous amount of influence exerted by offshore (foreign) interests in fishing.
- ISBN10 1304134261
- ISBN13 9781304134264
- Publish Date 13 June 2013
- Publish Status Active
- Publish Country GB
- Imprint Lulu.com
- Format Paperback
- Pages 41
- Language English