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compliance question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › compliance question

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by mansoor.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 31, 2015 at 6:19 am #263121
    mansoor
    Participant
    • Topics: 423
    • Replies: 541
    • ☆☆☆☆

    Which of the following statements regarding compliance with laws and regulations is correct

    A. the auditor must identify instances of non-compliance with laws and regulations as this may lead to material missstatement in the FS

    D. Any breach of of laws and regulations must be disclosed in the audit report

    I have omitted B and C since those are not relevant.

    the correct answer is A and i chose D.

    can u please explain why?

    thanks

    August 1, 2015 at 11:41 am #264301
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    ISA 250

    The auditor shall perform the following audit procedures to help identify instances of
    non-compliance with other laws and regulations that may have a material effect on the
    financial statements.

    August 1, 2015 at 12:12 pm #264324
    mansoor
    Participant
    • Topics: 423
    • Replies: 541
    • ☆☆☆☆

    thank u!

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    Posts
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