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6. What are the reasons for breaking the duty of confidence (ACCA Code of Ethics and Conduct)?

  • Self-interest threat, Mandatory disclosure, Criminal Activities
  • Criminal Offences, Obligatory disclosure, Voluntary disclosure
  • Criminal Offences, Breach of Conduct, Self-review threat

7. ISA 320 regards

  • Materiality in planning and performing an audit
  • The auditors responsibilities relating to fraud in an audit of financial statements
  • Identifying and assessing the risks of material misstatement through understating the entity and its environment
  • Agreeing to the terms to audit engagements

8. ISA 210 regards

  • Identifying and assessing the risks of material misstatement through understating the entity and its environment
  • Agreeing to the terms to audit engagements
  • Materiality in planning and performing an audit
  • The auditors responsibilities relating to fraud in an audit of financial statements

9. What is not a matter of misunderstanding that would result in the Audit Expectation Gap (AEG)?

  • True and Fair View
  • Audit Fees
  • Going Concern
  • Testing
  • Fraud Detection