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CHANGE IN ACCOUNTING POLICY – MEASUREMENT OF STAGE OF COMPLETION FOR CONTRACT WORK Prior to 1 July 2008, where the outcome of a construction contract can be reliably estimated, contract revenue and contract costs are recognised as revenue and expenses respectively by using the stage of completion method. The stage of completion is measured [...] INDEPENDENT AUDITORS’ REPORT TO THE CONTROLLER OF HOUSING PURSUANT TO REGULATION 12A OF THE HOUSING DEVELOPER (HOUSING DEVELOPMENT ACCOUNT) REGULATIONS, 1991 ABC SDN. BHD. (123456-X) (Incorporated in Malaysia) Report on the Housing Development Accounts In the course of our audit as external auditors of ABC SDN. BHD. for the year ended [...] |
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