Auditors and THE LAW - ISA/ASA250 Explained

[@Karina00K]

Thank you so much for these overviews on the ISAs - it helps tremendously!

[@amandalovestoaudit]

You’re welcome Karina!

[@shnjose1]

In an audit, the CFO says that auditor can’t see the process of manufacturing of one product and they have the support of law not to show (eg:- manufacturing process of a medicine) As an auditor how you deal with it

[@Dipuffpuff]

Thanks for helpful info! It's just interesting (theoretical case), what if a foreign employee of a company has been under let's say police investigation for any case( like fight in bar or anything like that) but we get a confirmation letter from the lawyer of the entity that the entity did not have any court cases or cases when breaking laws. I mean in one hand that's the employee's personal problems with breaking the laws, but at the same time if it gets resonance or what not, it may reflect on the reputation of the entity with further material effect. So should we rely on a confirmation letter of the lawyer or request confirmations from officials or just mention it to the management...

[@amandalovestoaudit]

This sounds more like a personal legal matter than a corporate legal matter

[@MikeAli33]

WHAT IF THE CLIENT DELIBERATELY NON COMPLY WITH THOSE LAWS AND REGULATION THAT WILL HAVE THE FINANCIAL IMPACT ONLY INCASE OF NON COMPLIANCE, AND EVEN THOUGH THE MATTER HAS BEEN DISCUSSED WITH THE MANAGEMENT AND TCWG , DOES IT CREATE DOUBT OVER THE INTEGRITY OF THE MANAGEMENT?

[@amandalovestoaudit]

If they are deliberately not complying - run away! Seriously - this is the type of client you do not want to have - in Australia - we would have a responsibility to inform the authorities of illegal behaviour. I would have a lot of doubt about the integrity of management!

[@mohammadammadameen8834]

ofcourse