The following is a general outline of the Hybrid trust: A hybrid trust setup combines the features of a unit trust with those of a discretionary trust. Since the underlying trust is a unit trust, any distributions will be issued in accordance with the members’ fixed unit holdings. A discretionary payment is a unique type…
The purpose of audit Auditing provides third-party assurance to various stakeholders that the subject matter is free from material misstatement. The purpose of an audit for Owners Corporation is to provide an independent and reasonable assurance that the Owners Corporation’s financial statements are true and fair and do not have a material misstatement. Difference between…
