Internal Audit and Y2k
Altron Management Services
There are a number of accounting issues that could arise as a result of the Year 2000
These include:
- Incorrect accounting estimates
- Completeness
- External and internal costs associated with modifying software
- Impairment of assets
- Contingent losses
- Commitments
- Disclosures of risks and uncertainties/measurement uncertainty
- Securities laws that may mandate disclosure
- Going concern.