Question 3

(a) Explain the purposes of a representation letter.

(b) List and explain four factors that will influence the auditor's judgement regarding the sufficiency of the evidence obtained.

(c) Describe external auditor's responsibilities and the work that the auditor must perform in relation to the going concern status of companies.

(d) Describe the possible audit reports that can be issued where the going concern status of a company is called into question; your answer should describe the circumstances in which they can be issued.