158 paragraphs found
The auditor shall document on a timely basis: the nature, timing and extent of the procedures performed by the auditor as specified by the requesting parties and the results obtained, as identified in the comfort letter; and evidence that the procedures …
The auditor’s ethical requirements in respect of the responsible party of the entity, including independence applicable to other assurance engagements which include comfort letter engagements, are set out in ASA 102 Compliance with Ethical Requirements …
Where the entity is not the Issuer (e.g. a target in an acquisition or a guarantor), they may not have primary responsibility for (i) (ii) or (iii). Their responsibility would primarily be the financial …
Or equivalent roles, responsibilities, or positions within the entity. …
The requesting parties ordinarily request the auditor of the entity to perform certain procedures as a part of their due diligence investigation on selected financial information disclosed in the entity’s offering document and report results by way of …
While the types of offerings covered by this ASRS are specifically aimed at international offerings, this ASRS also applies if the auditor is requested to issue a comfort letter in relation to domestic debt or equity offerings, notwithstanding that in …
If the requesting parties refuse to meet the auditor, the auditor considers whether to accept the engagement. (Ref: Para. 14(c) ) …
In Australia, auditors do not ordinarily provide review conclusions or audit opinions on non-historical financial information such as a financial forecast and consequently do not agree to perform any other procedures on such financial information. If the …
The signed representations may be provided by way of a specific letter or agreed to be included by the auditor in the engagement letter terms which are then co-signed by the requesting parties with the responsible party of the entity. (Ref: Para. 14(e)(v) …