hard20 pts · first answer countsaudit-reporting

Directors’ report does not match the accounts

The directors’ report in the annual report says revenue grew by 25%, but the audited financial statements show growth of 15%. Under SA 720 / ISA 720, what should the auditor do?

A.Nothing, because the directors’ report is not auditedB.Change the financial statements to show 25%C.Issue an adverse opinion on the financial statementsD.Discuss with management; if the other information is not corrected, describe the uncorrected material misstatement in the Other Information section of the report

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Directors’ report does not match the accounts

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