Indicate Whether You Agree or Disagree with the Following Statements

question 18

Essay

Indicate whether you agree or disagree with the following statements and explain your reasoning.
a) Steven Bischoff, the senior auditor at Martineau, Hellman and Nathan made the following statement to his audit team: "What constitutes sufficient appropriate audit evidence is a matter of judgment."
b) Metropolitan Poultry Company operates as a specialty food distributor. Gordon Atkins, auditor, has told his staff that the bankruptcy of a customer at year-end should not be considered a type 1 event.
c) Mississauga Ice Pucks auditor Dave Ganesh found an omission of a disclosure in the financial statements of the hockey team. He called this an error.
d) Stacey Kurvers was told by the client that a limitation in the scope of his work would require a modification to the audit report.

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Definitions:

Spanish Borderlands

The territories in North America that were under Spanish control from the 16th to the 19th centuries, including parts of what are now the United States and Mexico.

Colonial Leadership

Refers to the governance and influential figures in the colonies, especially during periods of establishment and before independence.

South Carolina

A state in the Southeastern United States, known for its role in the early history of the U.S., including being the first state to secede from the Union before the Civil War.

Rice Growers

Individuals or entities involved in the cultivation of rice as a commercial agricultural activity, significant in various cultures and economies worldwide.