"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
"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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Question 17
"Auditor should remain alert to the possibility that other audit procedures applied may bring instances of non-
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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?
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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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