A PA Firm Is Conducting an Audit of a Public

question 76

Multiple Choice

A PA firm is conducting an audit of a public company that has operations in both Canada and Finland.There is a conflict between ISAs (International Statements on Auditing) and CASs (Canadian Auditing Standards) for the foreign operations that will be consolidated with the Canadian operations.Which reporting standards should the PA firm follow?

• A)Finnish reporting standards
• B)Canadian reporting standards
• C)international financial reporting standards
• D)the best of Canadian or international standards