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respected sire,
Q; auditor must submit statement of circumstances and written notice to the regulatory authority , who is regulatory authority , ACCA?
Q;and company must notify to regulatory authority for any resolution passed for auditors removal , who would be regulatory authority and why company would notify to them ?Q1. In the UK it is the Registrar of Companies. Just saying regulatory authority will be fine.
Q2. Same. The law says the company must. It is not a choice.
Anything on the syllabus can be asked. Historically, the regulatory environment has not normally attracted many marks.
respected sir,
Q:sir if independent valuer is needed in course of audit eg jewellery valuer would its fee be included in audit fee or paid separately by the company and who would choose that valuer?
Q:sir you said identify potential problems for planning audit you should look at last year audit file for issues before, but sir if it is our first audit to client would we ask the previous auditor to give us audit file?
Q:doinf test of control in september than what would be be doing in previous 9 months?
Q: sir performance materiality
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