"Auditor should remain alert to the possibility that other audit procedures applied may bring instances of non- compliance or suspected non-compliance with laws and regulations to the auditor's attention'- Which of the following procedure or procedures should be followed by the auditor in this regard? i) Undertaking substantive tests on classes of transactions, account balances or disclosures ii) Enquiring the management and/or legal advisers concerning litigation or claims brought against the entity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 17
"Auditor should remain alert to the possibility that other audit procedures applied may bring instances of non-
Not yet
answered
compliance or suspected non-compliance with laws and regulations to the auditor's attention'- Which of the following
Marked out of
procedure or procedures should be followed by the auditor in this regard?
1.00
P Flag question
i) Undertaking substantive tests on classes of transactions, account balances or disclosures
ii) Enquiring the management and/or legal advisers concerning litigation or claims brought against the entity
Only procedure (ii)
Only procedure (0)
Question 18
None of the procedures
diting is the duty of:
Not yet
answered
Both the procedures (i) and (ii)
Marked out of
Transcribed Image Text:Question 17 "Auditor should remain alert to the possibility that other audit procedures applied may bring instances of non- Not yet answered compliance or suspected non-compliance with laws and regulations to the auditor's attention'- Which of the following Marked out of procedure or procedures should be followed by the auditor in this regard? 1.00 P Flag question i) Undertaking substantive tests on classes of transactions, account balances or disclosures ii) Enquiring the management and/or legal advisers concerning litigation or claims brought against the entity Only procedure (ii) Only procedure (0) Question 18 None of the procedures diting is the duty of: Not yet answered Both the procedures (i) and (ii) Marked out of
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