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SA 720 (Revised) deals with:
AAuditor's responsibilities relating to Other Information in documents containing audited FS
BGoing concern
CGroup audits
DInternal audit
Answer & Solution
Correct answer: B. Going concern
1. SA 720 (Revised) governs the auditor's responsibilities for "Other Information" (e.g. Director's Report, MD&A).
2. Auditor reads other info for material inconsistencies with audited FS or material misstatements.
3. Reporting in a dedicated section in the audit report.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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