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Is it necessary to resign?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Is it necessary to resign?

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 25, 2016 at 7:39 am #334864
    juve
    Participant
    • Topics: 59
    • Replies: 77
    • ☆☆

    Hello dear tutor..

    I hope that you are well…

    There may be 2 reasons which may cause limitation on otbaining sufficient appropriate evidences :
    1-management imposed limitation
    2-Problems in data capturing system(eg:loss of data because of failure in computer system)

    Q:the auditor should resign in the first situation…but is it necessary to resign in the second situation?

    Or better to ask you:
    should auditor resign when the opinion is modified for any reason?

    Thank you….

    August 25, 2016 at 12:19 pm #335136
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    ‘… but is it necessary to resign in the second situation? (2-Problems in data capturing system(eg:loss of data because of failure in computer system))

    No, it’s not necessary to resign in that situation. That would imply that every time a client faced a data retrieval issue the auditors would resign.

    Er, no!

    ‘Or better to ask you:
    should auditor resign when the opinion is modified for any reason?’

    Absolutely not! Imagine the repercussions if we had resigning auditors every time there’s a modification to the audit opinion!

    No, not a practical proposition

    August 25, 2016 at 7:03 pm #335198
    juve
    Participant
    • Topics: 59
    • Replies: 77
    • ☆☆

    Thank you very much

    August 26, 2016 at 5:42 am #335235
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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