Not the routine work, but is there was a problem (eg one that might give rise to a modified opinion) the audit committee is likely to discuss with the auditors what might be done. Similarly, if subsequently an error was discovered in released accounts, the AC would be very interested in understanding how the auditors missed the error.
There is a problem in lecture 25 which is not same as thier topic but other topic was repeated on this place so please sir I need lecture about organisational audit and control.I shall be very thankful to you.
RazSal says
Are these lectures applicable for the Dec 22 sitting?
ikamarakay says
In real life,does the audit committee actually reviews the work of the External Auditors ?
Ken Garrett says
Not the routine work, but is there was a problem (eg one that might give rise to a modified opinion) the audit committee is likely to discuss with the auditors what might be done. Similarly, if subsequently an error was discovered in released accounts, the AC would be very interested in understanding how the auditors missed the error.
kifal says
There is a problem in lecture 25 which is not same as thier topic but other topic was repeated on this place so please sir I need lecture about organisational audit and control.I shall be very thankful to you.
opentuition_team says
thanks, it should be OK now