158 paragraphs found
This Standard on Related Services (ASRS) addresses the auditor’s responsibilities when requested by the responsible party of the entity making an offering of securities to provide a comfort letter to certain requesting parties relating to particular …
Any request by the entity to the auditor to perform an audit or review of the entity’s interim financial information included in the offering document is covered by a separate engagement to the comfort letter engagement and performed in accordance with …
The subject matter that may be covered in a comfort letter includes: the independence of the auditor; unaudited financial statements, interim financial information, pro forma historical financial information and changes in selected financial statement …
The following types of offerings are included within the scope of this ASRS: (Ref: Para. A2 ) initial public offerings; overseas private placements of equity or debt securities; offerings of debt securities that are issued or backed by public sector …
In certain jurisdictions, requesting parties who are underwriters may be held liable under applicable law or regulation for any material omissions or misstatements in an offering document. Requesting the entity’s auditor to issue a comfort letter in …
The auditor may undertake a comfort letter engagement in accordance with: this ASRS, when issuing a comfort letter to requesting parties in a jurisdiction where there is no existing standard issued by a national auditing standards setting body; or the …
For example, SAS 72 Letters for Underwriters and Certain Other Requesting Parties , issued by the American Institute of Certified Public Accountants and Hong Kong Standard on Investment Circular Reporting Engagements 400 Comfort Letters and Due Diligence …
The objectives of the auditor when requested to provide a comfort letter are to ensure: that the preconditions for accepting the engagement are met; and the appropriate form and content of the comfort letter are used to report the results of performing …
For purposes of this ASRS, the following terms have the meanings attributed below: …
See RG 230 Disclosing non-IFRS financial information (December 2011) issued by Australian Securities and Investments Commission for further guidance on pro forma financial information included in transaction documents such as those referred to in this …