Nature & Objective of Audit
Quick practice
Question 1 of 5
What will be the course of action if the management does not acknowledge its responsibilities or agree to provide written representation for an audit?
A
All the above
B
If the auditor is required to accept the engagement, explain to the management the importance of these matters & impact on the auditor’s report.
C
Auditor will be unable to obtain sufficient appropriate audit evidence.
D
Do not accept engagement unless required by laws and regulations
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