39 paragraphs found
Before agreeing to accept an engagement to report on whether pro forma financial information included in a prospectus or other document has been compiled, in all material respects, on the basis of the applicable criteria, the assurance practitioner shall: …
In the case of a divestment, the divestee’s financial information will be derived from the source from which the unadjusted financial information has been extracted, which will often be audited or reviewed. The source from which the unadjusted financial …
The source from which the acquiree financial information has been extracted may have been audited or reviewed by another assurance practitioner. In this situation, the need by the assurance practitioner reporting under this ASAE for an understanding of …
The term “lead assurance practitioner” is referred to as “lead engagement partner” in ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Service …
If the assurance practitioner requests access to the audit working papers of another assurance practitioner and is unable to obtain such access, this constitutes a limitation of scope on the assurance practitioner being able to assess the appropriateness …
The concepts and discussions on obtaining written representations relevant to audit engagement are contained in ASA 580 Written Representations and may be helpful in determining the form and content of written representations applicable to an assurance …
The assurance practitioner’s role does not include expressing a conclusion on the pro forma financial information itself, or for updating or re-issuing any previously issued audit reports or review conclusions related to the unadjusted financial …
An audit or review report on the source from which the unadjusted financial information has been extracted may have been issued by another assurance practitioner. In this situation, the need by the assurance practitioner reporting under this ASAE for an …
The agreed terms of the assurance engagement, as required by ASAE 3000, shall at a minimum, include: the objective(s) and scope of the engagement, including: the assurance practitioners’ understanding of the purpose of the engagement and the intended …
Factors that affect the appropriateness of the source from which the unadjusted financial information has been extracted include whether there is an audit or review report on the source and whether the source: Is permitted or specifically prescribed by …