When we know there is an error of material misstate of a particular assertion, such as cut off in revenue, we should design a procedure to best estimate the error. Since it is a known error of material misstatement, we are not to test that no error.
The procedure is specific to find out the error and extrapolate to the whole population.
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