[tszhacherry]

Hi Mykola,

Do you mean the cash flow forecast procedures?

I think cash flow is not the specific items, and no recent past papers in relation to cash flow audit Procedures.

in exam, I think past papers may require Candidate to perform procedures for cash flow forecast. You can refer mar 2020 Q3 Prospective financial information.

Regards,
Cherry

[tszhacherry]

Hi Kim,

Thank you so much! It”s so clear, many thanks!

Regards,
Cherry

[tszhacherry]

Hi Kim,

In s.4 of chapter 24 – where it states “going concern issues are reported only ONCE in the auditor’s report”, could you please tell us that

If the auditor had been worried about going concern but concludes that in fact, no material
uncertainty exists , there will clearly be no MURGC section, but it may be included as a KAM, if
it meets the definition of a KAM.

#Can I include it as EoM paragraph, not in KAM for the no material uncertainty exist?

Regards,
Cherry

[tszhacherry]

Hi Kim,

That means the professional competence would be impaired for providing a sample of schedule to client if the audit client wants to understand their audit methodology.

Thank you so much!

Regards,
Cherry

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