Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 196

The following are some examples of characteristics of the engagement:

 The financial reporting framework on which the financial information to be audited has been prepared, including any need for reconciliations to another financial reporting framework

 Industry-specific reporting requirements, such as reports mandated by industry regulators

 The expected audit coverage, including the number and locations of components to be included

 The nature of the control relationships between a parent and its components that determine how the group is to be consolidated

 The extent to which components are audited by other auditors

 The nature of the business divisions to be audited, including the need for specialized knowledge

 The reporting currency to be used, including any need for currency translation for the audited financial information

 The need for statutory or regulatory audit requirements (for example, OMB Circular A- 133, Audits of States, Local Governments, and Nonprofit Organizations)

 The availability of the work of the internal auditor function and the extent of the auditor’s potential direct use of such work

 The entity’s use of service organizations and how the auditor may obtain evidence concerning the design or operation of controls performed by them

 The expected use of audit evidence obtained in previous audits (for example, audit evidence related to risk assessment procedures and tests of controls)

 The effect of IT on the audit procedures, including the availability of data and the expected use of computer-assisted audit techniques

 The coordination of the expected coverage and timing of the audit work with any reviews of interim financial information, and the effect on the audit of the information obtained during such reviews

 The availability of client personnel and data