In Q. 11(a) of PM i.e. In the course of audit of Z LTD., it's auditor wants to rely on audit evidence obtained in previous audit in respect of effectiveness of internal controls instead of retesting the same during the current audit. As an advisor to the auditor kindly caution him about the factors that may warrant a re-test of controls. What points to be written in the answer as the answer given in PM contradicts with your answer
ANSWERED Ravi answered May 21, 2019     Category:
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