Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 50

The engagement partner is responsible for reviews that follow the firm’s policies and procedures. In order to be sure he or she is satisfied that the audit evidence is sufficient and appropriate to support the conclusion, the engagement partner should review the audit documentation and discuss the engagement with the auditor. This should be done on or before the date of the auditor’s report. (AU-C 220.18–.19) It is important that the partner review the documentation and not just rely on staff opinions.

The suitably experienced auditors should review the work of each team member and consider if:

1 The work was performed in accordance with professional standards and legal and regulatory requirements.

2 Significant issues were raised and considered.

3 Consultations, if necessary, took place and were documented.

4 The nature, timing, and extent of the work were appropriate.

5 Work performed supports the conclusion and is documented, and the evidence supports the auditor’s report.

6 Objectives were achieved.

(AU-C 220.A16)

The engagement partner’s review should allow time to resolve issues. (AU-C 220.A17)