Answered Questions

Date Submitted	15-Jul-10
Category	Audit & Assurance
Heading	Exam Guide AAA10 Question 1 Part B (1)
Question	In the answer there was only I issue that managing director attitude (this I agreed) Would there be another risk ;- there are several procedures to restate figures to meet US reporting requirements - the risk could be that the staff restate the figures for both AUS and US?
Answer	Yes you could also include that inherent risk would be high because of the nature of the US restatement.