On 22nd July 2022 Iluka Resources shareholders voted to demerge their rutile mining operations in Sierra Leone
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Question:
On 22nd July 2022 Iluka Resources shareholders voted to demerge their rutile mining operations in Sierra Leone into a separate company, Sierra Rutile Holdings Ltd.
1. How will this transaction impact audit plans for Iluka Resources?
2. Discuss the additional risk that will arise because of the diversement of Sierra Rutile Holdings Ltd and how the auditor will change the audit plan to deal with this risk?
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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