158 paragraphs found
When conducting a comfort letter engagement, the auditor shall comply with relevant ethical requirements. [3] …
Nothing in this ASRS requires the auditor of an entity to accept a request to prepare a comfort letter, and the auditor shall evaluate all such requests in terms of individual engagement …
When a comfort letter is requested from more than one auditor, the requirements of this ASRS apply to each auditor. …
The auditor shall, prior to agreeing the terms of providing the comfort letter: discuss with the responsible party of the entity who the requesting parties are that the comfort letter will be provided to; obtain an understanding of the applicable …
If the preconditions for providing the comfort letter set out in paragraph 14 of this ASRS are not present, the auditor either: does not agree to prepare the comfort letter in accordance with this ASRS; or chooses not to accept the …
The auditor shall document the agreed terms of engagement in an engagement letter, addressed to the responsible party of the entity and requesting parties, which shall include, at a minimum: an introduction that summarises the auditor's understanding of …
The auditor shall endeavour to obtain a signed engagement letter from the responsible party of the entity and requesting parties. If the requesting parties do not agree to sign the engagement letter, the auditor shall perform such procedures as in the …
If agreed to in the terms of engagement as set out in paragraph 16 of this ASRS, the auditor shall provide a draft of the expected form and content of the comfort letter to the requesting parties in a timely manner . (Ref: Para. A15 …
The draft comfort letter shall be clearly identified as a draft to avoid giving the impression that the procedures described in the draft have been performed. To the extent possible, the draft comfort letter shall deal with all matters to be covered in …
If the auditor is unable to have a discussion with the requesting parties about the requesting parties' required procedures for the auditor to perform at the time of preparing the draft comfort letter, the auditor shall either: describe in the draft …