114 paragraphs found
Statutory measures may provide safeguards for the independence of public sector auditors. However, public sector auditors or audit firms carrying out public sector audits on behalf of the statutory auditor may, depending on the terms of the mandate in a …
Law, regulation, or relevant ethical requirements [6] may require the auditor to request, prior to accepting the engagement, the predecessor auditor to provide known information regarding any facts or circumstances that, in the predecessor auditor’s …
In the public sector, auditors may be appointed in accordance with statutory procedures. Accordingly, certain of the requirements and considerations regarding the acceptance and continuance of client relationships and audit engagements as set out in …
When considering the appropriate competence and capabilities expected of the engagement team as a whole, the engagement partner may take into consideration such matters as the team’s: Understanding of, and practical experience with, audit engagements of …
In the public sector, additional appropriate competence may include skills that are necessary to discharge the terms of the audit mandate in a particular jurisdiction. Such competence may include an understanding of the applicable reporting arrangements, …
Direction of the engagement team involves informing the members of the engagement team of matters such as: Their responsibilities, including the need to comply with relevant ethical requirements, and to plan and perform an audit with professional …
Appropriate teamwork and training assist less experienced members of the engagement team to clearly understand the objectives of the assigned …
Supervision includes matters such as: Tracking the progress of the audit engagement. Considering the competence and capabilities of individual members of the engagement team, including whether they have sufficient time to carry out their work, whether …
Under ASQC 1, the firm’s review responsibility policies and procedures are determined on the basis that work of less experienced engagement team members is reviewed by more experienced engagement team members. …
A review consists of consideration whether, for example: The work has been performed in accordance with Australian Auditing Standards, relevant ethical requirements, and applicable legal and regulatory requirements; Significant matters have been raised …