SA 250 addresses:
AGoing concern
BConsideration of laws and regulations in an audit
CAudit evidence
DMateriality
Answer & Solution
Correct answer: C. Audit evidence
1. SA 250 governs the auditor's consideration of laws and regulations.
2. It distinguishes laws directly affecting FS from those whose non-compliance has indirect effect.
3. Reporting non-compliance: to TCWG, and to regulators in certain cases.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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