158 paragraphs found
The auditor shall document the agreed terms of engagement in an engagement letter, addressed to the responsible party of the entity and requesting parties, which shall include, at a minimum: an introduction that summarises the auditor's understanding of …
The auditor shall endeavour to obtain a signed engagement letter from the responsible party of the entity and requesting parties. If the requesting parties do not agree to sign the engagement letter, the auditor shall perform such procedures as in the …
If agreed to in the terms of engagement as set out in paragraph 16 of this ASRS, the auditor shall provide a draft of the expected form and content of the comfort letter to the requesting parties in a timely manner . (Ref: Para. A15 …
The draft comfort letter shall be clearly identified as a draft to avoid giving the impression that the procedures described in the draft have been performed. To the extent possible, the draft comfort letter shall deal with all matters to be covered in …
If the auditor is unable to have a discussion with the requesting parties about the requesting parties' required procedures for the auditor to perform at the time of preparing the draft comfort letter, the auditor shall either: describe in the draft …
In competitive bidding situations in which legal counsel for the requesting parties acts as the requesting parties’ representative prior to opening and acceptance of the bid, the auditor shall carry out the discussions and other communications required by …
The auditor shall not agree to a change in the scope of services agreed to in the engagement letter if there is no reasonable justification for doing so. (Ref: Para. A20 …
If the terms of providing the comfort letter are agreed to be changed, the terms shall be documented in writing and co-signed by the auditor, the responsible party of the entity and the requesting parties. (Ref: Para. A21 …