6 Discuss how developments in each of the following areas has affected the scope of the au

6 Discuss how developments in each of the following areas has affected the scope of the audit and the audit work

undertaken:

(a) fair value accounting; (6 marks)

6 DEVELOPMENTSGeneral commentsTutorial note: The following comments, that could be made in respect of any of the three areas of development, will be givencredit only once.■ Audit scope – the scope of a statutory audit should be as necessary to form. an au