Which one of the following was NOT a finding in the Pacific Acceptance case?
A) Audit programs should be updated each year.
B) The auditors were entitled to rely on management representations.
C) The auditors failed to use appropriate vouching procedures.
D) Certain discoveries should have been communicated by the auditors to the board of directors.
Correct Answer:
Verified
Q28: An auditor failing to report to ASIC
Q29: Many of the major legal cases against
Q30: The AWA case and the Pacific Acceptance
Q31: Under the laws of agency, partners of
Q32: The Pacific Acceptance case was significant because
Q34: The auditor's duty to inform management about
Q35: Failure to perform and audit with due
Q36: The London and General Bank Ltd (No.2)case
Q37: Which of the following is an illustration
Q38: It is clear from s.199A of the
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