Q20- Principles Of Auditing (ICAN ATSWA Sept 2021 Insight)

                   

Question 20:

The  circumstances  under  which  Auditors  may  issue  exception  report  include  the following,  EXCEPT  if 

A. Proper  accounting  records  have  not  been  kept 

B. Proper  returns  have  not  been  received  from  branches  not  visited  by  them 

C. The  Directors  threatened  termination  of  the  audit 

D. The  financial  statements  are  not  in  agreement  with  the  records  and  returns 

E. The  Auditor  failed  to  obtain  information  and  explanation  necessary  for  the  audit   

The correct answer is (C)

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