170 paragraphs found
The auditor reconciles user expectations with the auditor’s capabilities under the legislative environment and the AUASB Standards. In some circumstances, it may be necessary for the auditor to inform users of any relevant restrictions imposed on the …
When an auditor is not confident of meeting user expectations or delivering appropriately in accordance with AUASB Standards, against the engagement mandate; or is unable to resolve the issue through other means, including additional explanation in the …
In certain circumstances, an engagement mandate may seek assurance on a subject matter that is unable to be assured, or very difficult to be assured, such as an entity’s future ability to generate a specified level of unencumbered cash or its ability to …
The auditor may consider: Identifying the specific reasons why some or all of the engagement requirements are unable to be achieved; Communicating with the relevant regulator or parties to the contract (the users) to determine the precise expectations of …
In communicating with users, it would be necessary for the auditor to inform the relevant parties of the reasons why the auditor is unable to assure a particular subject matter. When a mutual understanding is achieved, the auditor may be able to reach …
If the auditor concludes that a disclaimer over a specific subject matter or additional explanation in the auditor’s report are necessary to comply with the requirements of relevant AUASB Standards, but is prohibited from doing so (say because of an …
When an auditor determines that the subject matter is not appropriate, the criteria is not suitable or the engagement does not have a rational purpose, the auditor declines the engagement, unless required by law or regulation to accept the …
When in rare and exceptional circumstances, the auditor is prevented from any of the alternatives described earlier, and therefore effectively faces an inappropriate engagement, the auditor consults with relevant parties and when necessary seeks legal …
The AUASB Framework for Assurance Engagements provides information on the nature of assurance and non-assurance engagements. [4] …
A grant acquittal as described in paragraph 1(a), is where the auditor is required to report a single level of assurance on only one subject matter. Examples of documentation a grant recipient may provide include: A statement of grant income and …