Essay
Indicate whether you agree or disagree with the following statements and explain your reasoning.
a) Steven Bischoff, the senior auditor at Martineau, Hellman and Nathan made the following statement to his audit team: "What constitutes sufficient appropriate audit evidence is a matter of judgment."
b) Metropolitan Poultry Company operates as a specialty food distributor. Gordon Atkins, auditor, has told his staff that the bankruptcy of a customer at year-end should not be considered a type 1 event.
c) Mississauga Ice Pucks auditor Dave Ganesh found an omission of a disclosure in the financial statements of the hockey team. He called this an error.
d) Stacey Kurvers was told by the client that a limitation in the scope of his work would require a modification to the audit report.
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a) Agree. What constitutes sufficient ap...View Answer
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