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Discuss the specific action to be taken by the auditor

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Reference no: EM132759601

Khan & Khan, Ltd., a company from Hyderabad, Pakistan, without consulting its Auditor has changed its accounting so that it is not in accordance with international accounting principles (IASs). During the regular audit engagement the AUDITOR discovers that the statements based on the accounts are so grossly misleading that they might be considered fraudulent.

Required:

Problem A. Discuss the specific action to be taken by the AUDITOR.

Problem B. What type of opinion would the AUDITOR issue? Why?

Problem C. In this situation what obligation does the AUDITOR have to a new auditor if he is replaced? Discuss briefly.

Reference no: EM132759601

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