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Is the audit Report in the exam should be based on this format or there is new format other than this ?
unmodified audit report
1 TITLE AND ADDRESSEE
2 INTRODUCTORY PARAGRAPH
3 MANAGEMENT’S RESPONSIBILITY
4 AUDITORS ‘ RESPONSIBILITY
5 OPINION
6 OTHER REPORTING RESPONSIBILITIES
7 SIGNATURE , DATE AND ADDRESSif there is other format than this please tell me
That sounds good to me. What makes you think that there is a new format?
CURRENT ISSUE,
SHOULD I USE THE OLD FORMAT OR NEW FORMAT ? PLEASE TELL ME SOON
I imagine that you wouldn’t be penalized whichever you use. You’re not going to be asked to write an audit report. You MAY be asked what affect certain matters would have on the auditors’ opinion.
Probably impress the marker with your appreciation of the new version.
You could be asked what the differences are between the two versions so be prepared to answer using both!
Hope that helps
In Assurance engagement particularly on the definition of attestation there is mention of measurement and evaluation being taken by a party other than the practitioner,does this mean that the other party could be an expert please help me on this
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