Module 21

Question 1

When detailing qualified opinion

Answer 1

Write ‘qualified except for’

Question 2

ISA 701 applies to (3)

Answer 2

• Listed engagements
• PIEs
• Those that chose to report voluntarily on how they have applied the UK Corporate Governance Code

Question 3

ISA 720 auditor requirements other information

Answer 3

Required to read but not audit the other information checking for any inconsistencies

Question 4

Directors remuneration report

Answer 4

Requirement for listed companies for auditor to audit the numerical part and review non-numerical for consistency

Question 5

Communications with those charged with governance tabs

Answer 5

Orange

Question 6

Stages of a group audit (5)

Answer 6

1) Acceptance and continuance
2) Planning
3) Testing group wide controls over the consolidation
4) Testing the consolidation
5) Completion and reporting