Module 21 Flashcards

1
Q

When detailing qualified opinion

A

Write ‘qualified except for’

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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
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3
Q

ISA 720 auditor requirements other information

A

Required to read but not audit the other information checking for any inconsistencies

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4
Q

Directors remuneration report

A

Requirement for listed companies for auditor to audit the numerical part and review non-numerical for consistency

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5
Q

Communications with those charged with governance tabs

A

Orange

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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

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