An auditor was auditing the quarterly financial results prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure…
CA Final · Advanced Auditing, Assurance and Professional Ethics · MTP · May 2024
An auditor was auditing the quarterly financial results prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results are prepared using recognition and measurement norms of Ind AS 34 and include disclosures as prescribed by SEBI. These financial results would be hosted on the website of the entity and the stock exchange. Should the auditor include Key Audit Matters in the audit report on such financial results?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
No, SA 701 applies to audit of complete set of general-purpose financial statements of a listed entity.
Topics: Standard on Auditing (SA), Reporting
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