The manager of ABC SAOG is presently out of country for business purpose. The company has produced photocopies of fixed deposits receipts. The original fixed deposit receipts were kept in the locked iron safe of the manager. As an auditor what step can be taken? Mention the case in the auditors opinion Withdraw from the audit if legally permissible Modify the audit report Obtain external confirmation from bank manager
The manager of ABC SAOG is presently out of country for business purpose. The company has produced photocopies of fixed deposits receipts. The original fixed deposit receipts were kept in the locked iron safe of the manager. As an auditor what step can be taken? Mention the case in the auditors opinion Withdraw from the audit if legally permissible Modify the audit report Obtain external confirmation from bank manager
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7A: Internal Controls
Section: Chapter Questions
Problem 4SPA
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The manager of ABC SAOG is presently out of country for business purpose. The company has produced photocopies of fixed deposits receipts. The original fixed deposit receipts were kept in the locked iron safe of the manager. As an auditor what step can be taken?
Mention the case in the auditors opinion
Withdraw from the audit if legally permissible
Modify the audit report
Obtain external confirmation from bank manager
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