Preview Vir IMO 6203 2.HEC d CALOR QUESTION 3 Each multiple choice is worth two (2) marks with one mark for the correct answer and one mark for the explanation for your webplanation must Include Auditing standard references to get full marks Multiple Choice Question. Thes:12. Matka) You are completing the audit for ABC Ltd which has a year end of 30 June 2020. You are due to sign the audit report on the 21 ya 2020 and the company will release the accounts on the 28th August 2020. On the 25th August 2020 you bean on the news that the company recome with represents 80% of its Income has gone into lauldation. There was no provision for doubtfuldebt recognised in the financements What responsibility as the auditor? a) Discuss the matter with management and determine if the accounts need to be amended. Performed on to the b) No responsibility. You have completed all your audit procedures and signed the report. Your job is done c) Notify ASIC of a potential golog concern risk d) Perform additional audit testing to determine if the accounts need to be adjusted or not to beque For the toolba press ALT-F10IPO DE ALT-FNFOMA Help Preview Vir IMO 6203 2.HEC d CALOR QUESTION 3 Each multiple choice is worth two (2) marks with one mark for the correct answer and one mark for the explanation for your webplanation must Include Auditing standard references to get full marks Multiple Choice Question. Thes:12. Matka) You are completing the audit for ABC Ltd which has a year end of 30 June 2020. You are due to sign the audit report on the 21 ya 2020 and the company will release the accounts on the 28th August 2020. On the 25th August 2020 you bean on the news that the company recome with represents 80% of its Income has gone into lauldation. There was no provision for doubtfuldebt recognised in the financements What responsibility as the auditor? a) Discuss the matter with management and determine if the accounts need to be amended. Performed on to the b) No responsibility. You have completed all your audit procedures and signed the report. Your job is done c) Notify ASIC of a potential golog concern risk d) Perform additional audit testing to determine if the accounts need to be adjusted or not to beque For the toolba press ALT-F10IPO DE ALT-FNFOMA Help