Answered: objective of ISA 250

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 1RQSC

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{Auditing} 50. The auditing standard that is relevant to ISA 250, consideration of Laws and Regulations in an audit of financial statements. Could you identify the opinion/s, which is not the objective of ISA 250? a. To obtain sufficient appropriate audit evidence regarding compliance with the provisions of those laws and regulations b. To perform specified audit procedures to help to identify non-compliance with other laws and regulations c. To respond appropriately to non-compliance or suspected non-compliance identified during the audit d. To ignore non-compliance identified during the audit as it is regular practice of entity

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