As per SA210 agreeing the terms of audit engagement can it be correlated with sec 143 (1) of companies act which deals with the access to the BOA s and information?

Questions › Category: SA-210 › As per SA210 agreeing the terms of audit engagement can it be correlated with sec 143 (1) of companies act which deals with the access to the BOA s and information?

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Saurabh asked 6 years ago

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Ravi Staff answered 6 years ago

SA 210, specifies pre conditions of audit and letter of engagement should contain management responsibility regarding preparing financial statement and sharing information and giving access to auditor
same things are written in
Sec 129 responsibility of management to prepare financial statements
Sec 143 giving access to auditor to books , documents and power to do inquiry
so we can say they complement each other