An auditor of a company finds that there are rare and exceptional circumstances where they are unable to comply with a relevant requirement in an auditing standard.They are, however, able to perform appropriate alternative audit procedures.To whom do they have to report or document these circumstances?
A)The auditor must report these circumstances to either management or the audit committee and obtain their agreement that the alternative procedures are appropriate.
B)If the auditor can use appropriate alternative audit procedures, no reporting or documentation is required.
C)The auditor is required to document the circumstances in the auditor's report.
D)The auditor is required to document the circumstances in the audit working papers.

Question

Quizplus · Accepted Answer

The auditor must document any instances where they cannot comply with an auditing standard and have used alternative procedures in the audit working papers. This ensures a clear record of the auditor's actions and rationale, maintaining the audit's integrity and transparency.

An Auditor of a Company Finds That There Are Rare