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SiddharthSiddharth asked 6 months ago

SA 330 allows using of previous audit’s evidence for test of controls but atleast once in every 3 audits we have to test again. The SA specifically says “once in 3 “audits”” and not “years”. So if a firm is conducting quarterly audit (not just a limited review) of a company every quarter, then should it retest the controls once in every 3 quarters?

1 Answers
RaviRavi Staff answered 6 months ago

in explanatory part they have explained it is once in every three years
so interim audits wont matter
and its logical to have gap of 2 years and not just 2 quarters

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