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Thronhill and co s/d 16

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Thronhill and co s/d 16

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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  • August 25, 2018 at 3:11 am #469308
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hi sir,

    Part (a ) q it was specifically mentioned skepticisim related to outstanding legal case.

    However in examiner answer it was about all case (in general)

    For ex. Whether evidence prepared by mgt reliable

    Hightined skepticism (judgement/assumptions)

    Thats all general points and not related to outstanding legal case???

    August 28, 2018 at 7:41 am #469749
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    The para in the question which mentions the legal case goes on to explain that, actually, there is no evidence forthcoming from the directors about the matter – not even representations which, it is claimed, were provided to the group auditor. The thing about professional scepticism is that if the auditor is sceptical about one thing – it should be extended to other things – so the answer is not confined to consideration of the legal case alone, but the wider implications of not having sufficient evidence, etc.

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