Reference no: EM132736529

Problem 1: An auditor of a company finds that there are rare and exceptional circumstances where they are unable to comply with a relevant requirement in an auditing standard. They are, however, able to perform appropriate alternative audit procedures. To whom do they have to report or document these circumstances?

Select one:

Option 1: If the auditor can use appropriate alternative audit procedures, no reporting or documentation is required.

Option 2: The auditor is required to document the circumstances in the audit working papers.

Option 3: The auditor is required to document the circumstances in the auditor's report.

Option 4: The auditor must report these circumstances to either management or the audit committee and obtain their agreement that the alternative procedures are appropriate.