33 paragraphs found
The term “lead assurance practitioner” is referred to in ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements as the “engagement …
In a three party relationship, which is an element of an assurance engagement, [48] the responsible party may or may not be the engaging party, but is responsible for the controls which are the subject matter of the engagement and is a separate party from …
If the assurance practitioner plans to use the work of the internal audit function, in accordance with paragraph 40 , the assurance practitioner shall evaluate it as required by ASAE 3000. [29] (Ref: Para. A72 …
Engagements which are not covered by this ASAE include financial reporting controls at a service organisation which are reported under ASAE 3402, including reasonable assurance reports on internal controls of Investor-directed portfolio services (IDPS) …
The nature, timing and extent of the assurance practitioner’s procedures on specific work of the internal auditors will depend on the assurance practitioner’s assessment of the significance of that work to the assurance practitioner’s conclusions (for …
The use of internal auditors to provide direct assistance is prohibited in an assurance engagement conducted in accordance with this ASAE. Direct assistance is the performance of assurance procedures under the direction, supervision and review of the …
The scope of the engagement may require the assurance practitioner to conclude on only certain components of control, such as control activities, within the system and not provide a conclusion on the system as a whole. Nevertheless, the assurance …
Although, this ASAE does not apply to engagements on controls required to be conducted under ASAE 3402, an engagement may include combined reporting under this ASAE and ASAE 3402. A service organisation may agree by contractual arrangements with user …
In order for the assurance practitioner to use specific work of the internal audit function, the assurance practitioner shall determine its adequacy for the assurance practitioner’s purposes in accordance with ASAE 3000. [34] In doing so, the assurance …
See ASAE 3000, paragraphs 3(a) , Aus 20.1 and 34 and ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements …