Forum Replies Created
- Posts
Hi what is e-biz and linked theory. Haven’t heard about it. Been doing self study
Please help me. Failed again.Feeling quite dissappointed as I hoped for a pass. But still failed. Don’t know what I am doing wrong. My third attempt. Please i saw people saying that linked theory and E- business helped. Please can some help me with where to get the information from?. So I can use for the December exam.
Please help….
As something can be Material in Number and Material by Nature. And if Material by Nature, shouldn’t it be significant to Auditors?
(1). I Also didnt get the Difference between Emphasis of Matter (EOM) and KEY Audit Matter(KAM) frim what you explained AND WHEN appropriate to use them Sir ?
Also
(2.) When is it appropriate to use Emphasis of Matter or Material Uncertainty going concern in the audit report ( can they both be written in the audit report)?
(3.) From your explanation above, please can you also explain the difference between MATERIAL & SIGNIFICANT? and if possible an example for better understanding.?
My understanding is that:-
When evidence exist on a material misstatement – include an ROM
When there is NO evidence on a material misatement but in auditors professional judgement it’s significant – then include a KAM
( if so:- my confussion if no evidence exist in a material misstatement wouldn’t it be a disclaimer of opinion, and if a disclaimer then no inclusion of KAMis allowed.)Please help I am really confused….
