Reporting of non-compliance
You'll learn how to handle non-compliance with laws and regulations as an auditor, and why distinguishing between money laundering issues and other non-compliance is critical.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Reporting non-compliance and money laundering risks
- 1:01 Steps for addressing non-compliance issues
- 2:16 Reporting to regulators and public interest
- 3:33 Ethical responsibilities and confidentiality
- 4:37 Audit report implications and opinions
- 5:42 Disclaimer of opinion when evidence insufficient
About this lesson
This video covers the reporting pathway: assessing public interest, communicating with management and those charged with governance, deciding whether to report to regulators, and determining the appropriate audit opinion. You'll understand the ethical responsibilities under the ACCA Code of Ethics and when disclosure in the public interest overrides confidentiality requirements. This is essential knowledge for the Audit and Assurance paper, particularly when faced with management obstruction or material misstatements arising from non-compliance.
Duration: 6m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Audit and Assurance course
All 177 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in