n informs the auditor that they have now implemented a process to correct a serious nonconformity that the auditor found on the first day of a two-day Stage 2 audit. Th

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the closing meeting, a representative of the top management of the auditee
organisation informs the auditor that they have now implemented a process
to correct a serious nonconformity that the auditor found on the first day of a
two-day Stage 2 audit. The representative of top management proposes that
the auditor examine the process during the meeting and then withdraw the
nonconformity report. How should the auditor respond?

 

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