ACCA · Question 10 · Review and Reporting
SECTION A - CASE 2: GREENHARVEST CO-OP
SCENARIO:
You are the audit senior for GreenHarvest Co-op, a large agricultural cooperative, for the year ended 31 March 20X5. The audit is nearing completion. During the review phase, you note the following:
QUESTION:
Under ISA 580 Written Representations, what specific representation must the auditor obtain from management regarding subsequent events?
Answer options:
That no events have occurred subsequent to the date of the financial statements.
That all events occurring subsequent to the date of the financial statements requiring adjustment or disclosure have been adjusted or disclosed.
That the auditor is responsible for identifying all subsequent events up to the date of the AGM.
That management will notify the auditor of any events occurring after the financial statements are issued.
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