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Positive duty question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Positive duty question

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 28, 2023 at 12:09 pm #690819
    Gahngeun
    Participant
    • Topics: 27
    • Replies: 21
    • ☆

    I learned that the auditor has a positive duty until the audit report has been “signed”.

    But in BPP Revision kit, Madimade (Jun 10 amended), which relate to a scenario where the audit report has been ‘signed’ but not yet ‘issued’ and implies that the auditor has positive duty even after the report has been signed, if its not yet issued.

    It states “before the financial statements are issued, the auditors have a passive duty”

    So I am little confused.

    August 29, 2023 at 8:13 am #690868
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8308
    • ☆☆☆☆☆

    It’s not too late to download the notes https://opentuition.com/acca/aa – they are searchable – try a key word like “passive” … bottom of page 30 a general explanation … and again at the bottom of page 115 in the context of subsequent events.

    Although not technical terms (i.e. you won’t find them in an ISA), the ones you should see/use are “active” and “passive”.

    August 31, 2023 at 11:16 am #691058
    Gahngeun
    Participant
    • Topics: 27
    • Replies: 21
    • ☆

    I will try to search more next time. Thank you Ms. Kim!

    August 31, 2023 at 12:07 pm #691064
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8308
    • ☆☆☆☆☆

    You are welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Positive duty question’ is closed to new replies.

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