You are required to write a report to the directors of ABC Co based on the above scenario and address the following: 

 

i. Introduction: An analysis of why there is a need for an audit and the directors and auditors' responsibilities in connection with the preparation and publication of a company's financial statements. 

 

ii. Discuss the rights and duties of auditors under the Companies Act 2006. 6 

 

iii. Explain the level of assurance that will be You are required to write a report to the directors of ABC Co based on the above scenario and address the following:

iv. Describe the benefits of an audit to companies such as ABC Co.

v. What is the purpose of International Standards on auditing and their importance while conducting audits.

vi. Conclusion: Draw a conclusion and provide relevant recommendations to the directors of ABC Co.

Your report must acknowleprovided on the audit of financial statements of ABC Co.

 Describe the benefits of an audit to companies such as ABC Co.

What is the purpose of International Standards on auditing and their importance while conducting audits.

 Conclusion: Draw a conclusion and provide relevant recommendations to the directors of ABC Co.

Answer rating: 100% (QA)

Introduction An audit is an independent examination of a companys financial statements and records to ensure accuracy and compliance with applicable laws and regulations Auditors are expected to provi... View the full answer