CA Manoj Sabat
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CA Manoj Sabat
1 week ago | [YT] | 2
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CA Manoj Sabat
XYZ Ltd has disclosed a significant pending legal case in the notes to the financial statements. The matter is adequately disclosed, and the auditor agrees with management’s accounting treatment. However, the matter is fundamental to users’ understanding of the financial statements.
What is the most appropriate auditor’s action?
3 weeks ago | [YT] | 0
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CA Manoj Sabat
Audit reporting
During the audit of ABC Ltd, the auditor was unable to obtain sufficient appropriate audit evidence regarding inventory valuation, which represents 12% of total assets. All other audit areas were satisfactorily audited. Inventory is material but not pervasive to the financial statements.
3 weeks ago | [YT] | 0
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