If there exist events or conditions which may cast significant doubt on going concern, disclosure shall be made and EOM in auditor’s report.
if two financial years issued together, the goi concern on the earlier year no longer relevant as the company continue until the latest financial year. There is no doubt on going concern on tearlier year.
on that date the latest account of the company is the latest one.
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