This Guidance Statement   applies to auditors and other independent assurance practitioners [1] , referred to as the “auditor” in this Guidance Statement, when the engagement comprises: A single subject [2] grant acquittal [3] (SSGA) achieved through a …

Engagements described in paragraph 1(b) necessitate compliance with the requirements of different reporting frameworks and different AUASB Standards and may therefore involve: Evaluation against different criteria, including reporting frameworks; The …

This Guidance Statement is issued by the Auditing and Assurance Standards Board (AUASB) on 30 June 2015. …

Table 1 : Practical Application Issues Addressed in this Guidance Statement Part Issues Paragraphs A Clarifying engagement mandates that are unclear and/or defined in out‑dated terms. 32-41 B Addressing engagements where the required scope includes a …

Detailed guidance on these issues is provided at the paragraph references above and in the Appendices. …

The following guidance aims to illustrate the principles of reporting particularly when the auditor determines that issuance of a single-form auditor’s report, incorporating the different sections of the MSE, is most effective and efficient in the …

When reporting on a SSGA or a MSE, the auditor’s objectives are the same as when reporting on other assurance engagements, namely to: Form overall opinions and/or conclusions based on evaluation of conclusions drawn from evidence obtained; Express overall …

In expressing opinions and conclusions, the auditor uses the appropriate form of expression in the context of the applicable reporting framework and the relevant AUASB Standards. For example: Where a SSGA or a MSE report comprises a special purpose …

Concurrently with procedures to understand the engagement mandates, the auditor performs procedures to identify users of the entity’s report(s) and the auditor’s report(s). Identification of users assists the auditor to determine the nature (form) of the …

In the case of a grant acquittal or other contractual arrangement, the users are ordinarily the parties to the grant agreement or other contract. The signatories to the agreement(s) and the parties they represent, should provide a clear indication of the …