When considering unadjusted error in audit, we need to take into account last year unadjusTed error into current year. The unadjusted error related to previous year in last year error do not need to take into account. It is because the unadjusted error always represents cumulative effect for that year. Take into account of last year unadjusted error will reflect the current year impact.
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