H Gin Chong

6 Questions 50 Answers 0 Followers

Questions related from H Gin Chong

Any audit implications and cost benefits on using XBRL?

Dear all, An increasing number of listed firms are using XBRL in the reporting process.Would this complicate the audit approaches and audit implications? Also, in the auditees' perspectives, what...

20 September 2015 6,575 10 View

Should private firms be subject to independent audits?

So far, there is no legal requirements for small and medium sized firms hiring an independent auditor. However, some do. Please share your views, thoughts and your experiences on why private small...

24 August 2015 6,672 41 View

What are the ways to audit high risk areas?

Auditors should focus their attentions on internal controls, accounting estimates and complex accounting calculations including revenue recognition, pension and benefit calculations, and fair...

18 June 2015 9,732 11 View

Should the external auditors be liable to the third party?

The agency theory stipulates the existence of relationships between the principals (stockholders) and their agents (external auditors). This means, the theory has specifically excluded the third...

13 June 2015 3,882 28 View

How to determine audit independence?

Independence in audit depends on fact and appearance. Determining facts (according to legal and regulatory requirements) is relatively straight forward. How would one determine appearance? Should...

11 June 2015 3,340 14 View

How can I measure perceived audit quality?

It is a challenge to measure quality. How would one apply this in the auditing perspective?

11 June 2015 6,865 16 View