BU547 Lecture Notes - Lecture 10: Ias 39, Financial Instrument, Laser Cutting
Document Summary
This will increase the inherent risk: poor control issues regarding following up with manley mann. Increase in c/l showing a need for short term financing. If something pops up multiple times then you should definitely comment on that: non direct issues don"t make it up but at the same time don"t be shy to use it. Ir, cr, and client business risk needs its own assessment and conclusion. Role: canadian public accounting firm senior leading the engagement. Razor edge: key audit risk areas and audit procedures, accounting issues, other issues. Client of d&g for a number of years. Decrease inherent risk but we don"t care about that because an audit plan is already been done we are just here to see if any changes are need to the audit plan. Why are there delays when we been their audit for a number of years. Series of delays is a huge concern.
