25 paragraphs found
The auditors may use the engagement letters to clarify the respective roles of the responsible entity’s directors, the financial report auditor and the compliance plan auditor, by contrasting the respective statutory responsibilities of the responsible …
In addition to the issues normally considered when undertaking financial report audits and compliance plan audits, auditors of mortgage schemes will need to consider several matters that are particularly important to the operation of such schemes. These …
The auditors of mortgage schemes may also take into account other specific compliance related considerations relevant to such schemes. These considerations include whether: investor funds have been placed in the mortgage scheme on the basis of the written …
It is important that auditors take the above considerations into account when planning and undertaking both financial report audits and compliance plan audits of mortgage schemes. While not purporting to be an exhaustive list of compliance matters to be …
There is no equivalent International Auditing Practice Statement (IAPS) to this Guidance Statement. …