Category: Objective and general principal governing Audit (ISA 200)
Definition of Expectation gap Definition: The term Expectation gap refers to the fact that the public perception of the role and responsibilities of the external auditor is different from his …
The directors of a company are in the process of appointing the first statutory auditor of the company. They have requested your firm to submit a proposal for the statutory audit assignment. …
Briefly highlights the management responsibilities relating to the financial statements The management responsibilities in relation to the financial statements include the following: 1. The overall responsibility for the preparation and …