Because of the variety of the circumstances that may arise, it is not possible to describe definitively when withdrawal from an engagement is appropriate.  Factors that affect the auditor’s conclusion include the implications of the involvement of a …

The auditor has professional and legal responsibilities in such circumstances and these responsibilities may vary according to circumstances.  In some circumstances, for example, the auditor may be entitled to, or required to, make a statement or report …

For an audit engagement under the Corporations Act 2001 (the Act), the possibility of withdrawing from the engagement or resigning from the appointment as an auditor can only be made in accordance with the provisions of the Act, including in certain …

In many cases in the public sector, the option of withdrawing from the engagement may not be available to the auditor due to the nature of the mandate or public interest …

ASA 580 [28] establishes requirements and provides guidance on obtaining appropriate representations from management and, where appropriate, those charged with governance in the audit.  In addition to acknowledging that they have fulfilled their …

Because of the nature of fraud and the difficulties encountered by auditors in detecting material misstatements in the financial report resulting from fraud, it is important that the auditor obtain a written representation from management and, where …

In some jurisdictions, law or regulation may restrict the auditor’s communication of certain matters with management and those charged with governance. Law or regulation may specifically prohibit a communication, or other action, that might prejudice an …

When the auditor has obtained evidence that fraud exists or may exist, it is important that the matter be brought to the attention of the appropriate level of management as soon as practicable.  This is so even if the matter might be considered …

Legislation may require the auditor or a member of the audit team to maintain the confidentiality of information disclosed to the auditor, or a member of the audit team, by a person regarding contraventions or possible contraventions of the law. *   In …

The auditor’s communication with those charged with governance may be made orally or in writing.  ASA 260 identifies factors the auditor considers in determining whether to communicate orally or in writing. [29]   Due to the nature and sensitivity of …