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Describe the national requirements in relation to the auditor’s reporting on going concern issues:Comments:ISA 580 – Management Representations The purpose of ISA 580 is to establish standards and provide guidance on the use of management representations as audit evidence, the procedures to be applied in evaluating and documenting management representations and the action to be taken if management refuses to provide appropriate representations. Are the following concepts addressed in local standards/regulations Yes No The auditor should obtain appropriate representations from management. (ISA 580.2) Describe the national requirement in this area.
ROSC – Accounting & Auditing – Diagnostic Tool – Part 4 page 49 Describe the national requirement in this area.