What are we going to audit - revenue, trade receivables, unquoted equity investments, trade payables, etc What audit procedures (nature, timing) to be performed to ascertain each of the assertions What contents inside the evidence to be obtained from the audit procedures and why it can ascertain the assertions in accordance with FRS and SSA What sampling to be applied (extent) and why applying such sampling methodology and in accordance with SSA Evaluate the evidences obtained are sufficient...

Before we place reliance on audit schedule provided by client in an audit engagement, we are required to ensure the completeness and accuracy of the audit schedule. In order to address the issue, we need to document the process of how the client prepares the audit schedule, then we perform substantive test on the completeness and accuracy of the audit schedule or test of control on the client prepared the schedule. We need to document the objective of the audit schedule and what are the...

In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...