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Atharva ApteAtharva Apte asked 3 months ago

The question says, “An auditor of a public limited company discovered an error in valuation of inventory which has material effect on financial statements. Comment with reference to standards on auditing”. How to deduce what ICAI is expecting in the answer when they do not clearly specify and simply say “comment with reference to so-and-so”? Secondly, why is the answer taken in the direction of fraud when question is an error is discovered?

1 Answers
RaviRavi Staff answered 2 months ago

sometimes icai answers are not perfect and apt as per question.
this is one of the weird question and answer association by them.
we cannot do much, if you get same question you will recollect and answer properly.
dont think much about them.
just take note and move ahead.

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