List the principal matters which auditors consider when forming an opinion on the financial statements

List the principal matters which auditors consider when forming an opinion on the financial statements

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- Proper returns adequate for their audit have been received from branches not visited by them (where applicable)
- The company‘s balance sheet and its profit and loss account are in agreement with the accounting records and returns.
- Such information and explanations as auditors think necessary for the performance of their duties have been received from the company‘s officers.
- The directors' report is consistent with the financial statements.
- The financial statement comply with the requirements of the company‘s Act
- The financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS)

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kevinnyabute answered the question on March 5, 2018 at 08:46

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