Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 30

Unless required to do so by law or regulation, an auditor should discuss the situation with management and not accept an engagement when the preconditions (see Appendix A, “Definitions of Terms”) are not met. (AU-C 210.08) To assess whether those preconditions are met, the auditor should:

1 determine whether the financial reporting framework1 to be applied in the preparation of the financial statements is acceptable and

2 obtain the agreement of management that it acknowledges and understands its responsibilityfor the preparation and fair presentation of the financial statements in accordance with the applicable financial reporting framework;for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; andto provide the auditor withaccess to all information of which management is aware that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, and other matters;additional information that the auditor may request from management for the purpose of the audit; andunrestricted access to persons within the entity from whom the auditor determines it necessary to obtain audit evidence.(AU-C 210.06)

In evaluating whether the financial reporting framework is acceptable, the auditor may want to consider:

 The nature of the entity

 The purpose and nature of the financial statements

 Whether the framework is determined by law or regulator

(AU-C 210.A5)