ISA 510 Initial audit engagements-opening balances MCQs
ISA 510 provides guidance on the auditor’s responsibilities in relation to opening balances where the financial statements for the prior period were not
ISA 510 provides guidance on the auditor’s responsibilities in relation to opening balances where the financial statements for the prior period were not
ISA 505 External confirmations requires the auditor to maintain control over external confirmation requests when using external confirmations as a
ISA 501 Audit Evidence – specific considerations for selected items requires the auditor to attend the physical inventory count (unless impracticable),
ISA 500 Audit Evidence states the objective of the auditor, in terms of gathering evidence, is ‘to design and perform audit procedures in such a way to
The auditor must consider the effect of misstatements on both the audit procedures performed and ultimately, if uncorrected, on the financial statements
Many companies use service organisations to perform business functions such as Payroll processing, Receivables collection
The objective of ISA 330 is to gather adequate appropriate audit evidence about assessed risks of material misstatement, by designing and putting in place
ISA 320 states that, assessing what is or is not material is a matter of professional judgement, in this context auditors are entitled to assume that users