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
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
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio