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Leopard Co

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  • May 6, 2020 at 10:42 am
    Leopard Co 2
    toushiga
    Participant

    Sir ,for PYQ Sep / Dec 2017 Q3 part (b) “Actions”

    The examiner answer for the last paragraph:
    “Leopard & Co should communicate with the directors of Cheetah Co explaining that the firm is unable to be involved in the interim review or to review any of the working papers”

    But the question stated that: “Your firm is due to complete the interim review shortly”

    Is it contradict?

    Thank you.

    May 6, 2020 at 12:57 pm
    Leopard Co 3
    Kim Smith
    Keymaster

    The Q paints a picture – the firm should be completing the interim review shortly – BUT is now under pressure. I think what it is saying is that it cannot complete the interim review/undertake any other review for the purpose of the bank meeting.

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