For non-consolidation of significant subsidiary is a non-compliance of accounting standard SFRS110. Non-compliance of SFRS is an evident of material and pervasive impact, therefore, adverse audit opinion should be issued for audit report.
It also trigger the breach of directors duties to prepare accounts according to SFRS under Companies Act.
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