Module 21 Flashcards
1
Q
When detailing qualified opinion
A
Write ‘qualified except for’
2
Q
ISA 701 applies to (3)
A
- Listed engagements
- PIEs
- Those that chose to report voluntarily on how they have applied the UK Corporate Governance Code
3
Q
ISA 720 auditor requirements other information
A
Required to read but not audit the other information checking for any inconsistencies
4
Q
Directors remuneration report
A
Requirement for listed companies for auditor to audit the numerical part and review non-numerical for consistency
5
Q
Communications with those charged with governance tabs
A
Orange
6
Q
Stages of a group audit (5)
A
1) Acceptance and continuance
2) Planning
3) Testing group wide controls over the consolidation
4) Testing the consolidation
5) Completion and reporting