Non compliance with AS : Q59 B states that if mgmt not rectifies then practioner should include in notes to accounts and in report But in srs 4410 std says withdraw if not rectified

open
Public

Q59 B states that if mgmt not rectifies then practioner should include in notes to accounts and in report But in srs 4410 std says withdraw if not rectified  

1 answer

Audit Staff June 13, 2018

Non Compliance of AS, in compilation assignment
As per old SRS 4410 — Put it on notes to Accounts & In Accountants Report
As per new SRS 4410 — Withdraw
in RTP Nov 17 they have given as per old standard
my suggestion specify both, let examiner know you know both
 
Q59 B states that if mgmt not rectifies then practioner should include in notes to accounts and in report But in srs 4410 std says withdraw if not rectified.

#1

Please login here to Submit Answer

No announcement available or all announcement expired.