#10054
Awan Hammad
Participant

    Hi Jason

    I have never seen what you refer to before re the capital loss being recorded in the Balance Sheet. I do not believe it is incorrect just not common.

    My view is it can be shown this way on the basis that they are special purpose financial statements and assuming the notes to the accounts refer to the policy.

    BGL or Class do not record a capital loss in their standard accounts in the Balance Sheet. Is the accountant using superannuation software to do the accounts?

    Re the comparatives you could show the comparatives differently to as signed in the prior years accounts if the notes to the accounts explained the change.

    Thanks

    The Auditors Institute

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