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Group audit
1. Goodwill on acquisition
The goodwill on acquisition should be calculated according to IFRS 3 (Revised)Business Combinations.
The calculation is inherently risky due to the need for significant judgements over the fair value of assets
and liabilities acquired. There is also risk that not all acquired assets and liabilities have been separately
identified, measured and disclosed. Risks are heightened due to the overseas location of the company,
meaning that estimations of fair value may be more complex and subjective