31386 paragraphs found
There may be other circumstances when the fee quoted for an engagement is not sufficient given the nature and circumstances of the engagement, and it may diminish the firm’s ability to perform the engagement in accordance with AUASB standards and …
Responsibilities of the Engagement Team and Direction, Supervision and Review (Ref: Para. 31(a) and 31(b)) …
AUASB standards or applicable legal and regulatory requirements may include specific provisions regarding the overall responsibility of the engagement partner. For example, ASA 220 deals with the overall responsibility of the engagement partner for …
Examples of direction, supervision and review Direction and supervision of the engagement team may include: Tracking the progress of the engagement; Considering the following with respect to members of the engagement team: Whether they understand their …
In some circumstances, the firm may use personnel from a service delivery centre in the firm or individuals from a service delivery centre in another network firm to perform procedures on the engagement (i.e., the personnel or other individuals are …
Professional Judgement and Professional Scepticism (Ref: Para. 31(c)) …
Professional scepticism supports the quality of judgements made on an assurance engagement and, through these judgements, the overall effectiveness of the engagement team in performing the assurance engagement. Other pronouncements of the AUASB may …
Consultation typically involves a discussion at the appropriate professional level, with individuals within or outside the firm who have specialised expertise, on difficult or contentious matters. An environment that reinforces the importance and benefit …