If the impact of the deficiencies and other findings is at such level which lead...
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If the impact of the deficiencies and other findings is at such level which lead the audit report to be qualified or the impact will lead to write the disclaimer in audit report. In such as case, the engagement should not be accepted. So in case of NAB, the issue highlighted by Royal commission is a matter to be enquired into with the management and the audit engagement should be accepted since only highlighting of a deficiency does not lead the negative sign, its root cause should be found for evaluating the genuineness of such allegation. If the impact of the deficiencies and other findings is at such level which lead the audit report to be qualified or the impact will lead to write the disclaimer in audit report. In such as case, the engagement should not be accepted. So in case of NAB, the issue highlighted by Royal commission is a matter to be enquired into with the management and the audit engagement should be accepted since only highlighting of a deficiency does not lead the negative sign, its root cause should be found for evaluating the genuineness of such allegation
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