195 paragraphs found
Smaller firms may use more informal methods in the documentation of their systems of quality control such as manual notes, checklists and …
Statutory measures may provide safeguards for the independence of public sector auditors. However, threats to independence may still exist regardless of any statutory measures designed to protect it. Therefore, in establishing the policies and …
Listed entities as referred to in paragraphs 25 and A14 are not common in the public sector. However, there may be other public sector entities that are significant due to size, complexity or public interest aspects, and which consequently have a wide …
In the public sector, legislation may establish the appointments and terms of office of the auditor with engagement partner responsibility. As a result, it may not be possible to comply strictly with the engagement partner rotation requirements …
Consideration of whether the firm has the competence, capabilities, and resources to undertake a new engagement from a new or an existing client involves reviewing the specific requirements of the engagement and the existing partner and staff profiles at …
With regard to the integrity of a client, matters to consider include, for example: The identity and business reputation of the client’s principal owners, key management, and those charged with its governance. The nature of the client’s operations, …
Sources of information on such matters obtained by the firm may include the following: Communications with existing or previous providers of professional accountancy services to the client in accordance with relevant ethical requirements, and discussions …
Deciding whether to continue a client relationship includes consideration of significant matters that have arisen during the current or previous engagements, and their implications for continuing the relationship. For example, a client may have started …
Policies and procedures on withdrawal from an engagement or from both the engagement and the client relationship address issues that include the following: Discussing with the appropriate level of the client’s management and those charged with its …
See, for example, ASIC Regulatory Guide 26 Resignation of Auditors (June 1992). …