290 paragraphs found
This ASRE requires the assurance practitioner to disclaim a conclusion on the financial statements if: The assurance practitioner issues a report, or is required to issue a report for the engagement; and The assurance practitioner is unable to form a …
The situation of being unable to obtain sufficient appropriate evidence in a review engagement (referred to as a scope limitation) may arise from: Circumstances beyond the control of the entity; Circumstances relating to the nature or timing of the …
This ASRE sets out requirements and guidance for the assurance practitioner when the assurance practitioner encounters a scope limitation, either prior to accepting a review engagement, or during the …
The respective responsibilities of management and those charged with governance will differ between jurisdictions, and between entities of various types. These differences affect the way the assurance practitioner applies the requirements of this ASRE in …
Various responsibilities relating to preparation of financial information and external financial reporting will fall to either management or those charged with governance according to factors such as: The resources and structure of the entity; and The …
Sufficient appropriate evidence is required to obtain limited assurance to support the assurance practitioner’s conclusion. Evidence is cumulative in nature and is primarily obtained from the procedures performed during the course of the …
This ASRE does not override laws and regulations that govern a review of financial statements. In the event that those laws and regulations differ from the requirements of this ASRE, a review conducted only in accordance with laws and regulations will …
The fundamental principles of professional ethics referred to in ASA 102 are: Integrity; Objectivity; Professional competence and due care; Confidentiality; and Professional behaviour. In complying with ASA 102, threats to the assurance practitioner’s …
In the case of an engagement to review financial statements, the assurance practitioner is to be independent of the entity whose financial statements are reviewed. Independence is described as comprising both independence of mind and independence in …