In an audit process, understand the company’s business is utmost important. It is because only when you know the business, you will know the expected items in the financial statement. Otherwise, you are exposed to risk of misstatements due to omission.
In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...
To perform walk through in audit with the objective to ascertain the audit assertions. We need to understand the control or process in...
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
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