- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
- Posts
Hi Dear Mike,
What Audit Report & Opinion would we issue regarding this situation,
“Our client deals in Weapons and has signed a confidentiality agreement with their supplier.
We need more Information but our client is reluctant to give us that Information”“There was a fire and some of the record was destroyed but our client has fully disclosed all Information to us”
Many Thanks
Are these two situations relating to the same entity / client?
I think in both situations you would issue an “insufficiency of appropriate audit evidence”
In the first situation I think I would probably resign – in fact, I probably wouldn’t have taken the assignment in the first place knowing that I was to be denied access to all the details regarding purchases, inventory and creditors. What do they do for purchase invoices?
Such is the restriction of access that the auditor must issue a disclaimer
Even the second situation is grounds for a disclaimer – no records? Insufficient appropriate audit evidence!
This is a hypothetical scenario that you have dreamed up that surely cannot happen in practice!
- You must be logged in to reply to this topic.