152 paragraphs found
Criteria are either established or specifically developed. Ordinarily, established criteria are suitable when they are relevant to the needs of the intended users. Specific users may, however, develop a more detailed set of criteria that meet their …
If after initiating or accepting the performance engagement, the assurance practitioner concludes that the identified criteria are not suitable, the assurance practitioner may either: identify or develop suitable criteria; seek to change the terms of the …
In the event that the assurance practitioner is unable to change the terms of, or withdraw from or discontinue, the performance engagement, the assurance practitioner considers the implications for the assurance …
The terms of the performance engagement normally identify: the objectives of the engagement; that the engagement is a reasonable assurance engagement; the activity to be evaluated in the engagement; the period to be covered by the engagement; whether …
The terms of engagement may also seek the responsible party’s agreement that they acknowledge and understand their responsibility to provide the assurance practitioner with: access to all information, such as records, documentation and other matters of …
If there is no engaging party, such as for performance engagements initiated by an Auditor‑General, the existence of a legislative mandate may obviate the need to agree on the terms of the performance engagement. Even in those circumstances it may be …
Planning involves developing an overall strategy for the scope, emphasis, timing and conduct of the performance engagement. The performance engagement plan, consists of a detailed approach for the nature, timing and extent of evidence-gathering procedures …
The nature and extent of planning activities will vary with the performance engagement circumstances, for example the size and complexity of the activity and the assurance practitioner’s previous experience with it. Examples of the main matters to be …
Planning is not a discrete phase, but rather a continual and iterative process throughout the performance engagement. As a result of unexpected events, changes in conditions, or the evidence obtained from the results of evidence‑gathering procedures, the …
In planning the performance engagement, if the scope of the engagement is based on overall objectives, then the assurance practitioner may identify sub‑objectives from which they can identify, select or develop the criteria, against which the activity’s …