【多选题】The following notes were taken by the audit manager during a planning meeting with the finance director of Hawk. In October the financial controller of Hawk was dismissed. He had been employed by the ...
A.
The audit team should be fully briefed and be alert throughout the audit for additional errors
B.
The auditor would need to appoint an expert to properly assess the risks of misstatement
C.
The finance director should be requested to provide the audit team with assistance for matters that cannot be addressed by the remaining finance function
D.
The auditor should consider resigning from the engagement as audit risk cannot be managed to an acceptable level
【单选题】79 On 17 March 20X7, Newthorpe’s managing director was dismissed for gross misconduct. It was decided that the managing director's salary should stop from that date, and that no redundancy or compensa...
A.
Accounting treatment: Record a provision Reason: The outflow of economic resources is probable and the amount of obligation can be reliably estimated.
B.
Accounting treatment: Record a provision Reason: The outflow of economic resources is not probable, but the prudence principle requires a provision to be recorded if the amount of obligation can be reliably estimated.
C.
Accounting treatment: No provision but disclose as a contingent liability Reason: A present obligation exists, but the outflow of economic resources is not probable.
D.
Accounting treatment: No provision but disclose as a contingent liability Reason: A possible obligation exists, depending on whether or not some uncertain future event occurs.