Audit engagement is team work. Each of the team members play his role and is important to the successful completion of the audit engagement. Each part of the audit works must be completed satisfactorily and we cover each other. A small failure would cause the engagement failure.
Team spirit is important for successful completion of work.
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