Considerations Specific to Public Sector Entities (Ref: Para. 6) …

In the public sector, there may be legal or regulatory limitations on the information that the current auditor can obtain from a predecessor auditor.  For example, if a public sector entity that has previously been audited by a statutorily appointed …

If the statutorily appointed auditor outsources an audit of a public sector entity to a private sector audit firm, and the statutorily appointed auditor appoints an audit firm other than the firm that audited the financial report of the public sector …

Inherent risk factors may be qualitative or quantitative and affect the susceptibility of assertions to misstatement. Qualitative inherent risk factors relating to the preparation of information required by the applicable financial reporting framework …

Opening Balances (Ref: Para. 6(c)) …

The nature and extent of audit procedures necessary to obtain sufficient appropriate audit evidence regarding opening balances depend on such matters as:  The accounting policies followed by the entity.  The nature of the account balances, classes of …

If the prior period’s financial report was audited by a predecessor auditor, the auditor may be able to obtain sufficient appropriate audit evidence regarding the opening balances by reviewing the predecessor auditor’s working papers.  Whether such a …

Relevant ethical and professional requirements [*] guide the current auditor’s communications with the predecessor auditor.  …