With reference to the appropriate paragraph of ASA 210, state four factors that are relevant to...

With reference to the appropriate paragraph of ASA 210, state four factors that are relevant to the auditor’s determination of the acceptability of the financial reporting framework chosen by the client

Expert Solution

As per SA 210 Determination of Applicable financial reporting framework;

Auditor shall Obtain an agreement from the management regarding its obligations of :-

· Preparation & presentation of financial statements as per Applicable FRF;

· Establishment of internal control necessary for preparation of financial statement free from material misstatement.

Rights of an auditor regarding :-

· To access all books & accounts relevant for the audit;

· To obtain the relevant information whenever required;

· Unrestricted access to the employees for audit evidence.

Read more at : https://www.taxdose.com/summary-of-sa-210-agreeing-upon-the-terms-of-engagement/

ekkarill92 answered 2 years ago

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