The following guidance aims to illustrate the principles of reporting particularly when the auditor determines that issuance of a single-form auditor’s report, incorporating the different sections of the MSE, is most effective and efficient in the …

When reporting on a SSGA or a MSE, the auditor’s objectives are the same as when reporting on other assurance engagements, namely to: Form overall opinions and/or conclusions based on evaluation of conclusions drawn from evidence obtained; Express overall …

In expressing opinions and conclusions, the auditor uses the appropriate form of expression in the context of the applicable reporting framework and the relevant AUASB Standards. For example: Where a SSGA or a MSE report comprises a special purpose …

Concurrently with procedures to understand the engagement mandates, the auditor performs procedures to identify users of the entity’s report(s) and the auditor’s report(s). Identification of users assists the auditor to determine the nature (form) of the …

In the case of a grant acquittal or other contractual arrangement, the users are ordinarily the parties to the grant agreement or other contract. The signatories to the agreement(s) and the parties they represent, should provide a clear indication of the …

Where identification of users is not straightforward, the auditor discusses the matter with the party engaging the auditor. When such communication does not yield sufficient detail on identifying users, the auditor contacts the other party to the …

When communicating with users, the auditor considers whether it is appropriate to inform or remind users that auditor “independence” is a fundamental concept of audit and assurance and accordingly users do not direct the conduct of the …

When the form and content of the auditor’s report is not prescribed by the engagement mandate, the auditor complies with the reporting requirements of the relevant AUASB Standards. The auditor may choose to: Provide multiple reports, separately for each …

In choosing whether to issue multiple reports or a single-form report, the auditor considers: any relevant requirements of the engagement mandate; user needs; the requirements of any other relevant standards; and reporting effectiveness and …

Where the auditor intends to issue a single-form MSE report, the auditor designs a unique report developed according to the circumstances which incorporates the reporting requirements of the relevant AUASB Standards, as well as any reporting mandates such …