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.
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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