contestada

While conducting an audit of a new nonissuer client, an auditor discovers that accounting policies applied in relation to the financial statement opening balances are inconsistent with accounting policies applied during the period under audit. In this scenario, what should the auditor do?

Respuesta :

sandlee09

Answer:

gather sufficient evidence

Explanation:

According to my research on the different audits conducted on clients, I can say that in this scenario the auditor should gather sufficient evidence. The auditor needs enough evidence proving that the changes in accounting policies were properly accounted for and correctly presented. They also need to make sure it was disclosed accordingly based on the applicable financial reporting framework.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

Otras preguntas