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The auditor while verifying prepaid insurance has concluded that there is inadequate insurance of building, He should . . . . . .?

A.  Modify his audit reportB.  Insist it should be disclosed in the notes to financial statementsC.  Write it in letter of weaknessD.  Both (b) and (c)

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/14
Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

D)

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

D,,,,,,,,,,,,,,,,,,,,,,,,,,,,

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

D: BOTH B.  Insist it should be disclosed in the notes to financial statements

&C.  Write it in letter of weakness

 

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

The correct option is (d)

Jijumon James
by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL

Answer is D, Qualification may not be necessary.

Mohammad Asif
by Mohammad Asif , Senior Accountant , aura

D. both (b) and (c)

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

B is correct option......................... 

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