In the money changing and payment services provider, the completeness in FX gain is always a challenge to auditor.
We have to rely on corroborative evidence such as statements from agents for remittance and reasonableness test on FX gain.
Also, the MAS reporting is limited assurance 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...
コメント