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june 2012 Q3(B)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › june 2012 Q3(B)

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by Ken Garrett.
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  • September 7, 2013 at 3:50 pm #140035
    aishaasad
    Member
    • Topics: 159
    • Replies: 185
    • ☆☆☆

    Hello Sir,
    In reference to june 2012 Q3 (b), I want to clear this out whether an auditor can prepare a financial statement for the audit client not listed on stock exchange? and in which circumstances the auditor is allowed to prepare financial statement without being a threat to objectivity and independence?
    Thanks in advance

    September 12, 2013 at 7:51 pm #140381
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10597
    • ☆☆☆☆☆

    The ACCA model answer addresses this perfectly. The key is to use separate teams for preparation of the FS and the audit of the FS.

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