Actions and implications in respect of the auditor’s report on Dylan Co

Up to 1½ marks for each action/implication

– Insufficient appropriate audit evidence so far obtained
– Possible to extend audit procedures on reconstructed figures/other procedures
– Majority of transactions during the year likely to have sufficient evidence
– If no further evidence available, consider modification to opinion
– Discuss whether material or pervasive
– Description of audit report contents if opinion modified
– Communicate with those charged with governance

Maximum marks 7