Question 1 has 4 sub parts , in which question you are facing problem.
i am explaining Q1 (a) it is a regular question, covered in PM asked many times in Exams / RTP etc 🙂
its a mixed bag answer from 570
–Give Reference to SA 570
–Managements’s Responsibility about Going Concern in brief
–Auditor’s Responsibility in brief
–Material Uncertainty Exists about GC so Disclosure from Management is Must else qualify or Adverse
–If GC assumption is in appropriate and management is not ready to change it– Adverse
Sir audit rtp Nov. 2016 me question 1 ka koi part ni hai
SQC 1 and SA 220 ka question hai bohra and Co case study
Sir please once again seet
I got the correct question.
First of all SQC1 and SA 220 says that ultimate responsibility to mantain quality of work is with Engagment Partner.
Here partner has left work upto audit manager , so it’s not as per standards. If partner is not many requirements of SQC1 and SA 220 wont full filled.
Further partner should ensure that all conflicts are resolved as per firms policy . Here conflicts are not resolved is again non compliance of standards
Sir Who is audit manager
As per questions following is hierarchy
then Audit Manager
then Audit Senior