IFRS 9 explains about?

IFRS 9 explains about?A. Inventory
B. Accounts Payable
C. Accounts Receivable
D. Expenses

IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments.

 

You have been proposed as auditor of a company. What is the first step that you should take?

You have been proposed as auditor of a company. What is the first step that you should take?

A. Obtain the client’s permission to communicate with the existing auditor
B. Obtain the existing auditor’s working papers
C. Obtain a copy of the company’s most recent board minutes
D. Obtain a copy of the existing auditor’s letter of engagement