170 paragraphs found
Ordinarily, the applicable AUASB Standard for a SSGA is easily identified. For example, the relevant AUASB Standards for the examples listed at paragraph 9 are: A statement of grant income and expenditure would be audited and reported on in accordance …
For purposes of this Guidance Statement, where any engagement, including a grant acquittal, comprises the elements described in paragraphs 1(b) and 2, it is a MSE. Each different element of a MSE, whether different subject matters or level of assurance is …
Examples of a MSE include: A grant acquittal where the grant agreement might call for independent assurance over historical financial information, such as a statement of grant income and expenditure, as well as assurance over compliance with the terms of …
Reporting appropriately may cause particular difficulties when the auditor seeks to combine statements, opinions, conclusions and sometimes factual findings in a single tailored auditor’s report. [Ref: paragraphs 50 …
In conducting a SSGA or a MSE, the auditor is required to comply with the relevant requirements in the relevant AUASB Standards. The auditor’s understanding of the composition of the engagement and user requirements is necessary in determining which AUASB …
The auditor exercises professional judgement in appropriately applying the relevant AUASB Standards where the engagement mandate is to provide reasonable or limited assurance. The auditor applies their professional capabilities and competence in carrying …
The relevant requirements of the AUASB’s Standards are to be applied, regardless of the entity’s size, legal form, activities or the nature of the engagement, when: The terms of the engagement require the auditor to comply with, and report in accordance …
The AUASB’s assurance Standards are to be applied in the context of the AUASB Framework for Assurance Engagements . …
Where the MSE comprises both assurance and non-assurance requirements: The relevant AUASB Auditing Standards, Standards on Review Engagements and Standards on Assurance Engagements are applied to the assurance sections of the MSE; ASRS 4400 [11] is …