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hi
1)- You will not have time to write your answer plan on your exam booklet, other than that it is not required and will benefit you getting any extra marks.
2)- If only material misstatement than qualified “except for” opinion on the grounds of dissagreement of accounting treatment. Related parties are often good example to understand materiality by nature. Honestly you need to be clear of what you want to know.please explain here so everybody can benefit from the understandings, especially those who are locaed overseas, thanks
implications simply means effects on, depends what questions ask you. Question can be asked in number of formats such as implications on planning, implications on review, implication on staffing etc etc..
would love to see those as well
mkumailh@gmail.comthanks in advance
Well thats what auditor need to make sure if there is impairment or not, if there is impairment and management is uncertain about amount (value) and do not provide impairment in FS then its limitation of scope, however if auditor are sure that there is impairment and management is doubtful about any impairment of an asset than this would be disagreement.
Normally audit work is carried out on draft FS, however it is very odd when audit report due to issue and final set of FS is not available (likely to be a limitation of scope from my point of view)