⭐ Important points (exam-critical)
- ⭐External confirmation — positive (response required) vs negative (only if disagreement).
- ⭐SA 540 — Audit of accounting estimates: management bias risk.
- ⭐Use of expert (SA 620) — auditor still responsible for opinion.
- ⭐Subsequent events (SA 560) — Type I (adjusting) and Type II (non-adjusting per AS 4 / Ind AS 10).
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