Insurance Commission – NBC Institute

AAA – Nov 2020 – L3 – Q5a – The Regulatory Environment | Professional Responsibility and Liability

Identify and discuss the roles of three regulatory authorities in Ghana that may impact the conduct of an audit.

Question

In the audit of financial statements, auditors consider the regulatory requirements. These cover professional standards promulgated by the International Federation of Accountants (IFAC) in the form of International Standards on Auditing (ISAs), International Standards on Quality Control (ISQC) as well as the International Ethics Standards Board for Accountants (IESBA). The other consideration involves legal requirements.

Required:
Identify THREE (3) regulatory authorities in Ghana whose requirements may be taken into account in the conduct of an audit and discuss their roles. (10 marks)

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Tags: Audits in Ghana, Bank of Ghana, Insurance Commission, Regulatory Authorities, Securities and Exchange Commission
Level: Level 3

Topic: Professional responsibility and liability, The regulatory environment
Series: NOV 2020

Question Tag: Insurance Commission

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AAA – Nov 2020 – L3 – Q5a – The Regulatory Environment | Professional Responsibility and Liability

Identify and discuss the roles of three regulatory authorities in Ghana that may impact the conduct of an audit.

AAA – Nov 2020 – L3 – Q5a – The Regulatory Environment | Professional Responsibility and Liability

Identify and discuss the roles of three regulatory authorities in Ghana that may impact the conduct of an audit.

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AAA – Nov 2020 – L3 – Q5a – The Regulatory Environment | Professional Responsibility and Liability

Identify and discuss the roles of three regulatory authorities in Ghana that may impact the conduct of an audit.

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AAA – Nov 2020 – L3 – Q5a – The Regulatory Environment | Professional Responsibility and Liability

Identify and discuss the roles of three regulatory authorities in Ghana that may impact the conduct of an audit.

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