70 paragraphs found
The audit working papers which form part of an audit file are ordinarily prepared for the sole purpose of an internal or external audit or review. Their preparation for an external financial report audit or review is for the sole purpose of documenting …
Access to the audit working papers by third parties, without receipt of appropriate releases, indemnities and waivers of reliance, could place the auditor at risk of a legal claim by the third party based on the results of their access to the audit …
If access is provided to audit working papers, in most cases the letter of consent includes an express disclaimer of reliance and exclusion of …
The Example Letters in Appendix 1 incorporate a suggested form of release, indemnity and waiver of reliance that an auditor ordinarily seeks when responding to a request to access their audit working …
The Example Letters in Appendix 1 are designed to facilitate access to the auditor’s audit working papers when access is sought by a third party. The Example Letters record the agreed basis on which an auditor may be prepared to provide access to their …
An auditor may decide to allow limited access to some of their audit working papers and inform the third party that certain audit working papers have been …
When access to audit working papers is granted, the auditor controls how access is to be administered. Ordinarily, the auditor will: agree on the format (electronic or hard copy) with the third party in which access to the audit working papers will be …
This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to auditors regarding third party requests for access to audit or review working papers relating to: audits or reviews of a financial …
This Guidance Statement also applies, as appropriate, to external auditor’s requests for access to internal auditor’s audit working …
This Guidance Statement is issued in April 2009 by the AUASB and replaces AGS 1038 Access to Audit Working Papers issued in February 2006. …