top of page
Search

Expected Credit Loss for Trade Receivable

  • Writer: Thomas Tsang
    Thomas Tsang
  • Dec 13, 2019
  • 1 min read

We are required to apply simplified approach to measure the expected credit loss on lifetime basis. It can be estimated based on historical information. If the company is not able to compile with the Singapore Financial Reporting Standards 109, its financial statement may be qualified by the auditor.

 
 
 

Recent Posts

See All
Audit thinking logic

What are we going to audit - revenue, trade receivables, unquoted equity investments, trade payables, etc What audit procedures (nature, timing) to be performed to ascertain each of the assertions Wha

 
 
 
Audit schedule provided by client in audit

Before we place reliance on audit schedule provided by client in an audit engagement, we are required to ensure the completeness and accuracy of the audit schedule. In order to address the issue, we n

 
 
 
Enterprise value

In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...

 
 
 

Comments

bottom of page