Posted by: Pdfprep
Post Date: January 3, 2021
Rostar Ltd develops games for X-box and PCs. The unique gaming experience made the company outstandingly popular among the local customers and its last game release outperform its expectation. This popularity leads to sudden growth in revenues that quadrupled during the last period. As a result, Rostar Ltd is now obliged to have a statutory audit for the first time.
Which of the following is not a benefit that Rostar Ltd may obtain from the statutory audit?
A . Assurance of compliance with Companies Act
B . Recommendations on systems via management letter
C . Increased accountability of the IT department
D . Independent confirmation of profits earned/net assets
Answer: C
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