Examlex

Solved

Lisa Tan Has Audited the Financial Report of Basalt Ltd

question 25

Multiple Choice

Lisa Tan has audited the financial report of Basalt Ltd for the year ended 30 June 2012. Although Lisa's audit fieldwork was completed on 25 August 2012, her auditor's report was signed on 28 August 2012 and sent to management that
Day) The management of Basalt Ltd advised Lisa that their annual report, which will be mailed to shareholders on
8 October 2012, will also include an unaudited financial report for the first quarter ended 30 September 2012. Under
The circumstances, Lisa is responsible for undertaking subsequent events audit procedures through to:


Definitions:

Our Common Future

A report by the World Commission on Environment and Development that introduced the concept of sustainable development.

Future Generations

Refers to the people who will live in the future, highlighting the importance of sustainable practices to not compromise their needs.

Sustainability

The use of resources to enable society to satisfy current needs, without compromising the ability of future generations to meet their needs.

Resources

Assets, materials, or other items of value that are available to an individual or organization to achieve goals or carry out activities.

Related Questions