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BPP Revison Kit question.

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.

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September 11, 2017 at 7:30 pm #407262
shahmir101
Member
- Topics: 14
- Replies: 4
I need help with one of the questions from the BPP revision kit.
Which of the following statements about external auditors is not correct? (Question 11.9)
A. External Auditors are appointed by shareholders of the company
B. The primary responsibilities of external Auditors is to investigate Financial irregularities and report them to shareholders
C. External auditors may rely on the work of internal Auditors if they first assess its worth
D. External Auditors are concerned with the financial records and the statements of the organization
Could someone explain which one is the correct answer and why?
Thanks
September 18, 2017 at 1:21 pm #407874
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10589
B is not correct. Their primary duty is to report whether or not the FS give true and fair view.
It would have been helpful if you gave the BPP answer when posting your question.
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