290 paragraphs found
The assurance practitioner shall also document discussions with management, those charged with governance, and others as relevant to the performance of the review of significant matters arising during the engagement, including the nature of those …
If, in the course of the engagement, the assurance practitioner identifies information that is inconsistent with the assurance practitioner’s findings regarding significant matters affecting the financial statements, the assurance practitioner shall …
In performing a review of financial statements, the assurance practitioner may be required to comply with legal or regulatory requirements, which may differ from the requirements established in this ASRE. While the assurance practitioner may find aspects …
Review engagements in accordance with this ASRE may be requested for component entities by the auditor of the financial statements of a group of entities. [6] Such a review engagement performed in accordance with this ASRE may be accompanied by a …
ASQC 1 deals with the firm’s responsibilities to establish and maintain its system of quality control for assurance engagements, including review engagements. Those responsibilities are directed at establishing the firm’s: Quality control system; and …
Under ASQC 1, the firm has an obligation to establish and maintain a system of quality control to provide it with reasonable assurance that: The firm and its personnel comply with professional standards and applicable legal and regulatory requirements; …
ASQC 1 contains requirements which are at least as demanding as its international equivalent, ISQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements , [*] as it …
Reviews of financial statements may be performed for a wide range of entities that vary by type or size, or by the level of complexity in their financial reporting. In some jurisdictions, the review of financial statements of certain types of entity may …
Reviews may be performed in a variety of circumstances. For example, they may be required for entities that are exempt from requirements specified in law or regulation for mandatory audit. Reviews may also be requested on a voluntary basis, such as in …