31386 paragraphs found
Prior to accepting a review engagement, the assurance practitioner shall: (Ref: Para. A39 ) Determine whether the financial reporting framework applied in the preparation of the financial statements is acceptable including, in the case of special purpose …
If the assurance practitioner is not satisfied as to any of the matters set out above as preconditions for accepting a review engagement, the assurance practitioner shall discuss the matter with management or those charged with governance. If changes …
If it is discovered after the engagement has been accepted that the assurance practitioner is not satisfied as to any of the above preconditions, the assurance practitioner shall discuss the matter with management or those charged with governance, and …
Additional Considerations When the Wording of the Assurance Practitioner’s Report Is Prescribed by Law or Regulation …
The assurance practitioner’s report issued for the review engagement shall refer to this ASRE only if the report complies with the requirements of paragraph 86 …
In some cases, when the review is performed pursuant to applicable law or regulation of a jurisdiction, the relevant law or regulation may prescribe the layout or wording of the assurance practitioner’s report in a form or in terms that are significantly …
If the assurance practitioner concludes that additional explanation in the assurance practitioner’s report cannot mitigate possible misunderstanding, the assurance practitioner shall not accept the review engagement unless required by law or regulation to …
The assurance practitioner shall agree the terms of the engagement with management or those charged with governance, as appropriate, prior to performing the …
The agreed terms of engagement shall be recorded in an engagement letter or other suitable form of written agreement, and shall include: (Ref: Para. A52–A54 , A56 ) The intended use and distribution of the financial statements, and any restrictions on use …