Audit planning is a key process to identify the risk area, then we can analyse it in term of accounting problem, audit execution problem, client accounting system problem or the circumstance problem. Thereafter, we can advise on the solution to resolve it.
it is a process of:
Identify
Analyse
Advise
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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