- 6 Marks
AA – Nov 2017 – L2 – Q1b – Regulatory Framework and Audit Responsibilities
Explain why it is important for audits to be conducted in accordance with common auditing standards.
Question
Auditors are regulated by professional bodies and should follow recognised auditing standards such as International Standards on Auditing (ISAs).
Required:
Explain why it is important for audits to be conducted in accordance with Auditing Standards that are common to all audits.
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