The statement is not clear : An engagement team also include a member using expertise in a specialised area of accounting and auditing whether engaged or employed by the firm if any who performs audit procedures on the engagement Assignment of engagement teams

Questions › Category: SA-220 › The statement is not clear : An engagement team also include a member using expertise in a specialised area of accounting and auditing whether engaged or employed by the firm if any who performs audit procedures on the engagement Assignment of engagement teams

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Shubham asked 7 years ago

An engagement team also include a member using expertise in a specialised area of accounting and auditing whether engaged or employed by the firm if any who performs audit procedures on the engagement

Question Tags: Assignment of engagement teams

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Ravi Staff answered 7 years ago

Applicable to following
LISTED COMPANY;
PUBLIC COMPANY WHOSE PAID UP SHARE CAPITAL IS Rs. 10 Cr. OR MORE ; OR
PRIVATE COMPANY WHOSE PAID UP CAPITAL IS Rs. 50 Cr. OR MORE ; OR
ANY COMPANY HAVING PUBLIC BORROWINGS FROM FI, BANK OR PUBLIC DEPOSIT OF RS. 50 CRORES OR MORE