Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 49

The engagement partner is responsible for the direction, supervision, and performance of the engagement in compliance with GAAS, legal and regulatory requirements, and firm policies. The partner is also responsible for the appropriateness of the report, performance of reviews, and that sufficient appropriate evidence has been obtained. (AU-C220.17–.19)

The auditor with final responsibility for the audit should inform members of the engagement team about:

 Their responsibilities

 The responsibilities of the partners

 The objectives of the procedures they are to perform

 Nature of the entity’s business

 Risk-related issues

 Problems that may arise

 Details of the approach to the engagement

(AU-C 220.A12)

Supervision includes:

 Tracking the engagement progress

 Considering the competence of engagement team members

 Addressing significant findings or issues

 Identifying matters for consultation or referral to other team members

(AU-C 220.A14)