290 paragraphs found
If management, and those charged with governance where appropriate, do not or will not acknowledge their responsibilities in relation to the financial statements, it is not appropriate to accept the engagement unless law or regulation requires the …
This ASRE requires the assurance practitioner to not represent compliance with this ASRE unless the assurance practitioner has complied with all the requirements of this ASRE that are relevant to the review engagement. Law or regulation may prescribe …
It is in the interests of both management and those charged with governance, and the assurance practitioner, that the assurance practitioner sends an engagement letter prior to performing the review engagement, to help avoid misunderstandings with respect …
The form and content of the engagement letter may vary for each engagement. In addition to including the matters required by this ASRE, an engagement letter may make reference to, for example: Arrangements concerning the involvement of other assurance …
The auditor of the financial statements of a group of entities may request that a assurance practitioner perform a review of the financial information of a component entity of the group. Depending on the instructions of the group auditor, a review of the …
If, in the circumstances of the engagement, the assurance practitioner concludes that it is not necessary to record certain terms of the engagement in an engagement letter, the assurance practitioner is still required to seek the written agreement from …
An illustrative engagement letter for a review engagement is set out in Appendix 1 to this ASRE. …
The assurance practitioner may decide not to send a new engagement letter or other written agreement each period. However, the following factors may indicate that it is appropriate to revise the terms of the review engagement or to remind management and …
A request from the entity for the assurance practitioner to change the terms of the review engagement may result from factors including: A change in circumstances affecting the need for the service. Misunderstanding as to the nature of a review engagement …
A change in circumstances that affects the entity’s requirements or a misunderstanding concerning the nature of the service originally requested may be considered a reasonable basis for requesting a change to the terms of the review …