Auditing and Assurance Services - Question 1 a) The auditor plays a vital role for the stakeholders as well as investors as the auditor enhances the financial statement’s reliability. Thus, to identify the material misstatement in the company’s financial statements, the auditor is required to be independent as well as competent. The professional code of conduct states that the auditor must provide auditing services with due dili…
Auditing and Assurance Services - Part A Auditing and Assurance Services - Solution 1 1. Relying on the information in ASA 240 (refer to link above). Explain the difference between the responsibility of management and those charged with governance and the auditor in relation to the prevention and detection of fraud. Though ASA 240 deals with frauds in an audit of a financial report and the auditor’s responsibility towards its, but …
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