Clarity on enforceability of obligations in firms’ and clients’ contracts can be hard to find, so auditors should approach with caution says Christopher Arnull.
Audit and Beyond November 2016
View the articles from the November 2016 issue of the Audit and Assurance Faculty magazine.
In this edition of Audit & Beyond John answers questions about reviewers’ reports on cold file reviews and revisits questions about the rejection of audited, filleted accounts.
Estimates, judgements and uncertainty are the most challenging aspects of any audit, but they offer an opportunity for many firms to improve the quality of their audit judgements, as Simon Kettlewell explains.
In revising ISA 315, IAASB has set a number of hares running. Katharine Bagshaw outlines the direction of travel and some of the risk and control issues behind this.