290 paragraphs found
The actions of the engagement partner and appropriate messages to the other members of the engagement team, in the context of the engagement partner taking responsibility for the overall quality on each review engagement, emphasize the fact that quality …
Unless information provided by the firm or other parties suggests otherwise, the engagement team is entitled to rely on the firm’s system of quality control. For example, the engagement team may rely on the firm’s system of quality control in relation to: …
A deficiency in the firm’s system of quality control does not necessarily indicate that a review engagement was not performed in accordance with this Standard on Review Engagements, relevant ethical requirements and applicable legal and regulatory …
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, review engagements of …
ASQC 1 requires the firm to obtain information as it considers necessary in the circumstances before accepting an engagement with a new client, when deciding whether to continue an existing engagement, and when considering acceptance of a new engagement …
If the engagement partner has cause to doubt management’s integrity to a degree that is likely to affect proper performance of the review, it is not appropriate under this ASRE to accept the engagement, unless required by law or regulation, as doing so …
The assurance practitioner’s consideration of engagement continuance, and relevant ethical requirements, including independence, occurs throughout the engagement, as conditions and changes in circumstances occur. Performing initial procedures on …
Assurance engagements may only be accepted when the engagement exhibits certain characteristics [8] that are conducive to achieving the assurance practitioner’s objectives specified for the …
It may be unlikely that there is a rational purpose for the engagement if, for example: There is a significant limitation on the scope of the assurance practitioner’s work; The assurance practitioner suspects the engaging party intends to associate the …
When the assurance practitioner’s preliminary understanding of the engagement circumstances indicates that accepting a review engagement would not be appropriate, the assurance practitioner may consider recommending that another type of engagement be …