1. As an auditor you have come across the Multiple risk of misstatements and you have informed the same to the management. However management has not properly responded for your inquiry. Please let know what is your action to be taken here? if at all management has provided the reply and the reply is not satisfactory, please comment your action. Management has replied satisfactorily, in which case what opinion you will provide.

2. Mr Vamsi has invested in Sandya consultancy company basis your audit report. However the company not performed well, what is auditors liability?

Best answers are appreciated.