31386 paragraphs found
When the auditor of a parent entity is also the auditor of a component, [*] the factors that may influence the decision whether to send a separate audit engagement letter to the component include the following: Who appoints the component auditor; …
Responsibilities of Management Prescribed by Law or Regulation (Ref: Para. 11‑12) …
If, in the circumstances described in paragraphs A23 and A24 , the auditor concludes that it is not necessary to record certain terms of the audit engagement in an audit engagement letter, the auditor is still required by paragraph 11 to seek the written …
Law or regulation governing the operations of public sector audits generally mandate the appointment of a public sector auditor and commonly set out the public sector auditor’s responsibilities and powers, including the power to access an entity’s records …
Request to Change the Terms of the Audit Engagement (Ref: Para. 14) …
A request from the entity for the auditor to change the terms of the audit engagement may result from a change in circumstances affecting the need for the service, a misunderstanding as to the nature of an audit as originally requested or a restriction on …
A change in circumstances that affects the entity’s requirements or a misunderstanding concerning the nature of the service originally requested may be considered a reasonable basis for requesting a change in the audit …
In contrast, a change may not be considered reasonable if it appears that the change relates to information that is incorrect, incomplete or otherwise unsatisfactory. An example might be where the auditor is unable to obtain sufficient appropriate audit …