Which of the following most closely represents the use of audit software?
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1 .The management of Relic Co has refused to provide the auditor with a written managementrepresentation that the auditor considers essential in relation to the impairment of a materialasset.Which of the following best describes the impact of this refusal?
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2 .The following timetable relates to the audit of a company:31 January – All audit field work completed28 February – Financial statements approved by board of directors5 March – Audit report signed25 April – AGM heldWhat is the most appropriate date for an auditor to obtain a signed writtenrepresentation from management?
A 31 January B 28 February C 4 March D 24 April
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A To test the operation of the entity’s computer programs B To examine the contents of the entity’s computer data files C To test the completeness of the items on a file
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A Checking whether customers have exceeded their credit limits B Extracting a monetary unit sample of sales invoices C Verifying large credit notes D Verifying the age analysis of trade receivables
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