The case: Auditor asks for Banker's Certificate from management. Management provides a Written Representation Letter. Auditor, obviously not being satisfied (as it is not SAAE), he decides to perform further procedure. He approaches the bank to collect the certificate copy. Bank doesn't respond despite auditor sending the communication multiple times. How does he modify his report as prt SA 705 in the above case?
If Auditor is not able to obtain evidence, he will issue disclaimer.
In any case , right? Or there are exceptions?
Depends on case to case basis. If some form of evidence is available but auditor is not convinced and it materially alters financial statement, then adverse opinion.
Okay. Thank you