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
Under US GAAP, the carrying amount of the assets is compared to the undiscounted future cash flow of the assets generated. If the amount of undiscounted cash flow is highr than carrying amount, no im
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe
In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail