56 paragraphs found
… papers to gain an understanding of relevant internal auditing activities that are relevant to the audit or review … needs to comply with the requirements and guidance in Auditing Standard ASA 610 Considering the Work of Internal …
The internal audit function of an external auditor’s client may be undertaken by employees of the entity, or, might be outsourced to an internal audit provider. Where the internal audit services are outsourced to an internal audit provider, the …
The following guidance is also relevant with regard to access to audit working papers by the auditor of the controlling entity: At the completion of the audit of a controlled entity, the auditor of the controlled entity may grant the auditor of the …
The audit working papers which form part of an audit file are ordinarily prepared for the sole purpose of an internal or external audit or review. Their preparation for an external financial report audit or review is for the sole purpose of documenting …
When access to audit working papers is granted, the auditor controls how access is to be administered. Ordinarily, the auditor will: agree on the format (electronic or hard copy) with the third party in which access to the audit working papers will be …
“Audit (or review) working papers” (herein referred to as audit working papers in this Guidance Statement) contained within an audit file may include: documents or any other records of information, produced or acquired by an auditor (whether from the …
The protocols in this Guidance Statement endeavour to promote cooperation when access to an auditor’s audit working papers is requested. Audit working papers are the auditor’s property, and they may, at their discretion, grant, decline or restrict access …
When an audit client is one of the parties in a joint venture, the audit client’s auditor may seek access to the audit working papers belonging to the auditor of the joint venture. In this context, issues similar to those related to access to audit …
… to their obligations to comply with the requirements of Auditing Standard ASA 610 Considering the Work of Internal …