Gurjeet SagguGurjeet asked 2 years ago
2 Answers
Auditaudit Staff answered 2 years ago

No, it is also to be issued in case of statutory or mandatory audit.
It is specifically written in SA that if law prescribed premise on which audit is conducted and auditors responsibility then we should say that as prescribed under law and include only addl. responsibilities (if any)

RaviRavi Staff answered 2 years ago

no it has to be issued in all audits, its importance is more in voluntary audits as no law is clarifying roles and responsibilities of auditor and management 

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