31386 paragraphs found
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 …
See ASA 300 Planning an Audit of a Financial Report, paragraph 13(b) . …
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 …
Difficult or contentious matters on which consultation is needed may either be specified by the firm, or the engagement team may identify matters that require consultation. The firm may also specify how conclusions are to be agreed and …
ASA 220 [14] includes requirements for the engagement partner related to consultation. …