1. Review of Financial Statements, Related Party Schedule and other schedules.
2. Review of Transfer Pricing Policy, if any.
3. Understanding the transaction (s) - basis of pricing, nature of service.
4. Dissecting the functions performed, risks undertaken, asset employed by both the parties to the transaction.
5. Funding mechanism to the transaction.
6. Analysis of any similar transaction in the past or in the same group globally.
7. Interview and discussions with different level of management of the entity and the group.