ISA 706

pexels photo 196649

Audit reporting revision question 2 (NBAA, C2,NOV 2018)



You are the audit manager for three clients of your audit firm and you are reviewing audit files and draft audit reports submitted by your subordinates on your request. Extracts of the proposed audit opinions for the three clients are as given below:

Tegeta Ltd

Consistent losses that the company has been incurring for the … Read the rest

Revision question on ISA 610 and audit reporting (NBAA, B3, NOV 2018)



(a) The growing recognition of the benefits of good internal control by management, and the complexities of an adequate system of internal controls have led to the development  of  internal  auditing  as  a  form  of  control  over  all  other  internal controls.  The emergence of the internal auditor as specialist in internal controls is the result … Read the rest