IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

SA 700

Auditing

Any one please explain the qualitative aspects of accounting practices in simple words ?

Siva Balan

CA Inter

★ 2K+

10-Mar-23 10:37

183

Answers (1)

Auditor has to check if the financial statements are made as per appropriate financial reporting framework - this check should include qualitative aspects like management's selection of accounting practices or management's biases towards estimates and approximations.