It is requirement under SFRS109. Trade receivable to apply simplified approach by using provisional matrix to compute the expected credit loss. We usually based on past 2 to 5 years historical data or information and adjusted with forward looking information.
it involves a judgement in the computation.
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
For change of accounting policy for PPE from cost model to revaluation model. It is not follow FRS 8 as exempted from prior year adjustment. The change will apply prospectively from the date of reva