ISA 210 deals with the key considerations that Independent Auditor needs to keep in mind on the with Management or those charged with governance of Select one Da Requirements Road map designed C Terms of audit engagement d. Precondition of audit Precondition of audit Precondition of audit Precondition of audit When the client requests the auditor to change the terms of engagement, the auditor should consider whether changed terms provide Of assurance Select one a Lower Level Ob) Higher Level Oc Optimal Level d None of the above CA Ram was appointed as an auditor in XYZ Ltd. For the FY 2017-18. During the year there was a significant change in senior management. This may lead to Select one O a Revision in terms of audit engagements Ob Give a modified report Give a modified report Give a modified report Give a modified report Give a modified report Give a modified report Give a modified report Give a modified report Continue the act assignment It is not mandatory to send a new engagement letter in continuous audit, but sometimes it becomes mandatory to send a new letter Select one a False True Can't form an opinion d. Partially True and partially False As per SA 300, the objective of the auditor is to the audit so that it will be performed in an effective manner Select one Oa Plan Ob Co-ordinate c. Divide Od Direct As a part of obtaining the understanding of an entity the auditor shall evaluate whether the management with the oversight of those charged with govemance has created and maintained a culture on Select one a Risk assessment Honest and ethical behaviour Controls Discipline It is not mandatory to send a new engagement letter in continuous audit, but sometimes it becomes mandatory to send a new letter Select one Da False b. True Loc Can't form an opinion d. Partially True and partially False In understanding the entity's control activities, the auditor shall obtain an understanding of how the entity has responded to risks arising from Select one Da a Management SD Specific risk IT Material misstatement It Is responsibility to use acceptable financial reporting framework in preparation of financial statement. Select one Da Auditor b. Those charged with governance cAudit committee Od Management As per ISA-210, it is in the interests of both the entity and the auditor that the auditor sends before the commencement of the audit to help avoid the misunderstandings with respect to the audit Select one a Audit engagement letter b Management representation letter Fraud statement by management Terms of engagement Substantive procedure comprises of Select one O a Test of control and test of details OD Test of details and substantive analytical procedure OC None of above None of above