49 paragraphs found
See ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report . …
See ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information , paragraphs 29-34 . …
See ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements , paragraph A135 …
ASQM 1 requires firms’ system of quality management to establish a quality objective that addresses the assembly of engagement documentation on a timely basis after the date of the engagement reports. [14] An appropriate time limit within which to …
Examples of exceptional circumstances include facts which become known to the auditor after the date of the auditor’s report but which existed at that date and which, if known at that date, might have caused the financial report to be amended or the …
Where, in rare and exceptional circumstances, factors outside the auditor’s control prevent the auditor from complying with an essential procedure contained within a relevant requirement, the auditor shall document: (Ref: Para. A18‑A19) The circumstances …
ASQM 1 requires firms’ systems of quality management to establish a quality objective to address the appropriate maintenance and retention of engagement documentation to meet the needs of the firm and to comply with law, regulation, relevant ethical …
Recording the identifying characteristics serves a number of purposes. For example, it enables the engagement team to be accountable for its work and facilitates the investigation of exceptions or inconsistencies. Identifying characteristics will vary …