123 paragraphs found
ASQC1 requires the firm to obtain such 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 …
ASQC1 sets out the responsibilities of the firm for establishing policies and procedures designed to provide it with reasonable assurance that the firm and its personnel comply with relevant ethical requirements. This ASRS sets out the engagement …
If the practitioner is unable to meet the requirement in paragraph 20 , it may be appropriate for the practitioner to agree with the engaging party to limit the scope of the agreed-upon procedures engagement to procedures for which the practitioner can …
In obtaining an understanding of the purpose of the agreed-upon procedures engagement, the practitioner may become aware of indications that the procedures the practitioner is asked to perform are inappropriate for the purpose of the agreed-upon …
Other actions that may satisfy the practitioner that the conditions in paragraphs 21 and 22 are met include: Comparing the procedures to be performed with written requirements set out, for example, in law or regulation, or in a contractual agreement …
If the conditions in paragraphs 21 and 22 are not met, it is unlikely that an agreed-upon procedures engagement is able to meet the needs of the engaging party or other intended users. In such circumstances, the practitioner may suggest other services, …
All the conditions in paragraphs 21 and 22 also apply to procedures that have been added or modified during the course of the engagement. …
The procedures to be performed during the agreed-upon procedures engagement may be prescribed by law or regulation. In some circumstances, law or regulation may also prescribe the way the procedures or findings are to be described in the agreed-upon …
Agreed-upon procedures are described objectively, in terms that are clear, not misleading, and not subject to varying interpretations. This means that they are described at a level of specificity sufficient for an intended user to understand the nature …
Terms that may be unclear, misleading, or subject to varying interpretations depending on the context in which they are used, may include, for example: Terms that are associated with assurance under the AUASB’s Standards such as “present fairly” or “true …