Hello friends, i want to ask the solution of the Que came in CA Final Audit Paper asking to comment over that whether it is right to say that a statutory auditor does'nt required to review accounting policy. I have wrote that its not correct to say this, although its management's responsibility to follow proper accounting policy but still auditor has to check that whether there is correct and consistent application of accounting policies followed by management.
I want to to know what will be the correct answer for it..?
CAclubindia
