Indicate Whether You Agree or Disagree with the Following Statements

Essay

Indicate whether you agree or disagree with the following statements and explain your reasoning.
a) Mathew Punkinnen, the senior auditor at Jackson & Wartkauf LLP made the following statement to his audit team: "What constitutes sufficient appropriate audit evidence is a matter of judgment."
b) Ingram Foods Company operates as a specialty food distributor. Philippe Parenteaux, auditor, has told his staff that the bankruptcy of a customer at year-end should not be considered a type 1 event.
c) Manitoba Ice Dogs auditor Henry Pilon found an omission of a disclosure in the financial statements of the hockey team. He called this an error.
d) Janice Olympus was told by the client that a limitation in the scope of his work would require a modification to the audit report.