The form and content of the auditor’s report is specified within: Group of answer choicesthe Companies Actthe rules of the professional accounting bodiesIFRS 1ISA (NZ) 700

The body that inspects auditors to ensure they comply with the auditing standards that apply in New Zealand is: Group of answer choicesthe NZAuASBthe FMAthe IFACthe IRD

Which of these items does not form part of the financial report on which the auditor expresses an opinion?Group of answer choicesthe directors' reportany additional disclosures necessary to give a true and fair viewnotes required by Accounting Standardsthe statement of cash flows for the year

A standard unqualified audit report is not required to have which of the elements set out below?Group of answer choicesan opinion paragrapha heading ‘Auditors Opinion’matters the auditor wishes to emphasisethe opinion of the auditor on the financial statements

The information needed to determine whether a company is using accounting methods similar to those of its competitors would be found in the: Group of answer choices auditor’s report. statement of financial position. Directors’ report. notes to the financial statements.

In New Zealand, all of the following entities are required to have annual audit by a licensed auditor except for:Group of answer choicesIncorporated societiesFMC Reporting entitiesListed companiesBanks