[bilal12345]

So there is no need to write this line “also he should evidence his review by signing reconciliations”? Even if suppose I write it so then will there any marks be deducted for this line?

[bilal12345]

If there is a risk that management is due to be paid significant annual bonus based on value of year end assets so it would be a valid impact that there is a risk that they may overstate year end assets to earn more bonus, and its response that hire the services of an expert to ensure assets are properly valued and there is no overstatement

[bilal12345]

So writing this point that

Scope of work :
(i.e internal auditor do many task which are not required by external auditors so external auditors check whether any relevant work has been done by them)

This would not be valid for 1 mark?

[bilal12345]

please reply

[Author]

Posts