NOCLAR (1)

Question 1

What is NOCLAR?

Answer 1

Acts of omission or commission, intentional or unintentional committed by the entity by individuals/managers which are contrary to prevailing laws and regulations

Question 2

What is non-compliance?

Answer 2

Does not include personal misconduct unrelated to business activities of the entity

Question 3

Objectives of auditor when responding to noclar (integrity)

Answer 3

Comply with the fundamental principles of integrity and professional behaviour

Question 4

Objectives of auditor when responding to noclar (management)

Answer 4

By alerting management or where appropriate those charged with governance of the client

Question 5

By alerting management or where appropriate those charged with governance of the client/ To seek to (consequences)

Answer 5

Enable them to rectify, remediate or mitigate consequences of identified or suspected non-compliance

Question 6

By alerting management or where appropriate those charged with governance of the client/ To seek to (commission)

Answer 6

Deter the commission of non-compliance where it has not yet occurred

Question 7

Objectives of auditor when responding to noclar (integrity)

Answer 7

Take such further action as approriate in the public interest