top of page
  • Writer's pictureThomas Tsang

Audit planning

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:




18 views0 comments

Recent Posts

See All

Prior year error

When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in subsequent year, the judgement is changes with the intention to correct

Impairment test under US GAAP

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

Discount on enterprise value

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


bottom of page