NOCLAR (3)

Question 1

Procedures suggested for the auditor when considering Noclar (Obtain)

Answer 1

Obtain an udnerstanding of NOCLAR matter

Question 2

Procedures suggested for the auditor when considering Noclar (Level)

Answer 2

Discuss with an appropriate level of management (at least one above those parties involved or potentially involved)

Question 3

Procedures suggested for the auditor when considering Noclar (Disclosure)

Answer 3

Advise the client to rectify the consequences, deter any future instances or disclose to whoever is considered in a position to need to know

Question 4

Procedures suggested for the auditor when considering Noclar (Integrity)

Answer 4

Consider client;s repsonse and whether it indicates any concerns over their integrity

Question 5

Procedures suggested for the auditor when considering Noclar (Appropriate)

Answer 5

Consider whether disclosure to an appropriate authority should be made or if withdrawal from engagement may be necessary

Question 6

Procedures suggested for the auditor when considering Noclar (Document)

Answer 6

Document all decisions, discussions and judgements