Covid 19 still evolving and uncertainty in future. It will affect most of the companies in the world. In preparing the financial statements, the management will need to consider the impact to the company. A disclosure note on the Covid 19 as a subsequent event for year ended 31 December 2019 may be required.
The auditor may need to consider if an emphasis of matter on the disclosure of subsequent event is necessary.
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