An external auditor is required to carry out a final review to ensure their conclusions are supported by sufficient reliable evidence Select whether each of the statements below is true or false in connection with the final audit review

True False

a) Auditors should carry out analytical review procedures on the financial statements

b) The audit report should include a disclaimer to the effect that the auditor’s report is purely for the shareholders

c) Where audits are particularly complex or large the files should be subject to a hot review by a second audit partner before being signed off

d) All weaknesses in internal controls should be reported to management in a letter of weakness even if they have been reported in previous years

Question

An external auditor is required to carry out a final review to ensure their conclusions are supported by sufficient reliable evidence
Select whether each of the statements below is true or false in connection with the final audit review

	True	False
a) Auditors should carry out analytical review procedures on the financial statements
b) The audit report should include a disclaimer to the effect that the auditor’s report is purely for the shareholders
c) Where audits are particularly complex or large the files should be subject to a hot review by a second audit partner before being signed off
d) All weaknesses in internal controls should be reported to management in a letter of weakness even if they have been reported in previous years

Quizplus · Accepted Answer

The Answer of An external auditor is required to carry out a final review to ensure their conclusions are supported by sufficient reliable evidence Select whether each of the statements below is true or false in connection with the final audit review

	True	False
a) Auditors should carry out analytical review procedures on the financial statements
b) The audit report should include a disclaimer to the effect that the auditor’s report is purely for the shareholders
c) Where audits are particularly complex or large the files should be subject to a hot review by a second audit partner before being signed off
d) All weaknesses in internal controls should be reported to management in a letter of weakness even if they have been reported in previous years

An External Auditor Is Required to Carry Out a Final