- 10 Marks
AA – Aug 2022 – L2 – Q3a – Audit and Assurance Evidence
Explains factors that influence the sufficiency of audit evidence obtained during an audit.
Question
Sophie & Co., a firm of Chartered Accountants, is preparing the end-of-year audit for GH Mobile, a client that is listed on the Ghana Stock Exchange. You have been selected to be part of the team to audit the non-current assets of GH Mobile. As an audit associate, you were provided with evidence that you have assessed as not sufficient. Also, you have raised issues regarding the omission of important items in the management representation letter of the client.
Required:
Explain FIVE (5) factors that will influence the auditor’s judgement regarding the sufficiency of the evidence obtained.
Find Related Questions by Tags, levels, etc.
- Tags: Audit evidence, Audit Judgment, Risk Assessment, Sufficiency of audit evidence
- Level: Level 2
- Topic: Audit and Assurance Evidence
- Series: AUG 2022
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