Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) Prominent Management Group Limited (PMG) is the holding company of a group which offers a range of management training and related services in Hong

(a) Prominent Management Group Limited (PMG) is the holding company of a group which offers a range of management training and related services in Hong Kong. The flagship of the group is Prominent Professional Training Limited (PPT), a company which has been offering preparatory courses for professional examinations in accounting, finance, marketing, management, and computing since 1990. Prominent Management Consulting Limited (PMC) was set up in 2009 to capture the market for management training other than the preparatory courses currently offered by PPT. PMG has 40 classrooms and training venues located in 4 different locations in Hong Kong. Their training services are provided under the names of PPT and PMC which are registered trademarks in Hong Kong.

Required:

CBD CPA Limited ("CBD"), with 4 directors and 100 staff members, has been nominated to take up the audit of PMG and its group for 2020. State the relevant framework / standards and discuss three particular issues that CBD has to address, with possible ways to respond, before accepting such an audit nomination.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Accounting questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago