- 1 Marks
AA – L2 – SA – Q5.4 – Detection Risk
Influence on detection risk.
Find Related Questions by Tags, levels, etc.
Report an error
Tag (SQ): External auditor
Search
500
+ past questions and counting.
- 20 Marks
AA – L2 – Q37 – Audit of Financial Statements
Describe external auditor's responsibilities and work for going concern assessment. Describe auditor's reports for going concern issues and their circumstances. List considerations for recommending internal controls for cash sales in a garage.
Question
(a) Describe external auditor’s responsibilities and the work that the auditors must perform in relation to an audit client’s ability to continue as a going concern.
(b) Describe the possible auditor’s reports that can be issued where the ability of a company to continue as a going concern status is called into question; your answer should describe the circumstances in which they can be issued.
(c) You have been asked by your client, a garage proprietor, to advise on a system of internal control for cash sales. Set out the points you would take into consideration before giving your recommendations.
Find Related Questions by Tags, levels, etc.
Report an error
- 11 Marks
AAA – L3 – Q10 – Corporate governance
Explain corporate governance and roles of directors, external auditor, internal auditor, and audit committee.
Question
(a) Explain what is meant by corporate governance.
(b) Explain how the following fit into the workings of corporate governance.
(i) The directors
(ii) The external auditor
(iii) The internal auditor
(iv) The audit committee
Find Related Questions by Tags, levels, etc.
- Tags: Audit committee, Corporate Governance, Directors, External auditor, Internal auditor
- Level: Level 3
- Topic: Corporate governance
Report an error
