35 paragraphs found
If the predecessor auditor’s opinion regarding the prior period’s financial report included a modification to the auditor’s opinion that remains relevant and material to the current period’s financial report, the auditor shall modify the auditor’s opinion …
See ASA 450 Evaluation of Misstatements Identified during the Audit , paragraphs 8 and 12 . …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement. …
See ASA 705 Modifications to the Opinion in the Independent Auditor’s Report . …
In the public sector, there may be legal or regulatory limitations on the information that the current auditor can obtain from a predecessor auditor. For example, if a public sector entity that has previously been audited by a statutorily appointed …
If the statutorily appointed auditor outsources an audit of a public sector entity to a private sector audit firm, and the statutorily appointed auditor appoints an audit firm other than the firm that audited the financial report of the public sector …
The nature and extent of audit procedures necessary to obtain sufficient appropriate audit evidence regarding opening balances depend on such matters as: The accounting policies followed by the entity. The nature of the account balances, classes of …
If the prior period’s financial report was audited by a predecessor auditor, the auditor may be able to obtain sufficient appropriate audit evidence regarding the opening balances by reviewing the predecessor auditor’s working papers. Whether such a …
Relevant ethical and professional requirements [*] guide the current auditor’s communications with the predecessor auditor. …
For current assets and liabilities, some audit evidence about opening balances may be obtained as part of the current period’s audit procedures. For example, the collection (payment) of opening accounts receivable (accounts payable) during the current …