56 paragraphs found
… This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
“Internal auditors” means those individuals who perform the activities of the internal audit function. Internal auditors may belong to an internal audit department of an entity or equivalent function or an internal audit …
Certain matters need to be considered when an auditor receives a request for access to audit working papers. They include: client confidentiality requirements concerning access to audit working papers; risk of legal claims resulting from allowing access …
“Auditor” means an individual auditor, audit firm or audit company. [2] Unless specified, auditor refers to an external auditor conducting an audit or review of an entity’s financial report or other financial …
When a regulator requests an auditor to provide access to their audit working papers, the request is normally made on a formal basis, by issuing a written notice under the legislation. The notice typically sets out for example, the nature of the matter to …
For the purposes of this Guidance Statement, documents or information included in the audit file may be subject to “legal professional privilege” because an audit client, or relevant laws or regulations, at the time it was originally provided, required …
“Internal audit provider” means a third party contracted to provide internal audit services to an entity. …
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 …
Owners of an entity seeking to sell their investment, or entities seeking further equity or loan funding from third parties, often believe their objectives might be facilitated by requesting the entity’s auditor to make available their audit working …
Ordinarily, the auditor of the controlled entity will not allow the auditor of the controlling entity access to its audit working papers until the auditor of the controlled entity has completed its audit or …