Sumit Shukla asked 5 years ago
Book:- CA inter Fasttrack
Page Number:- 1.17 Given Question of PM
Doubt:- question ka Answer Kaise likhna h and likhna kis chiz baare m h (Audit Engagement Ya Report k baare m)
Ravi Staff answered 5 years ago
Did you see lecture there we have explained this question.
Question is on lowering level of assurance
First we have to explain theory of change in terms
then we have to explain that here client is asking for lower level of assurance
Audit = reasonable level of assurance
Review = moderate level of assurance
Agreed Upon Procedures (Only doing limited activities as given in agreement) = no level of assurance
in such case, if acceptable directly give report with lower level of assurance dont explain earlier assignment and audit procedures, yes examination procedures need to be explained only n report of agreed upon procedures