Can an auditor in addition to the mandatory clause in the engagement letter may also make reference of- 1-The unavoidable risk that some material misstatements may go undetected due to the inherent limitations in an audit 2)The expectation that management will provide written representations 3)The agreement of management to inform the auditor of facts that may affect the financial statements 4)The basis on which fees are computed and billing arrangements 5)Restrictions to the auditor's liability can all this additional clause can be called as non mandatory clause in engagement letter?.
ANSWERED Ravi answered August 20, 2018     Category:
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 point d
RESOLVED Audit answered June 20, 2018     Category:
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 hello sir, with respect to sa 210, one of the pre condition for acceptability of audit is to check acceptability of financial reporting framework, my question is that how this condition is feasible since as per company’s act only directors have right to inspect books of accounts and that too personally and auditor got right to access books of accounts and financial statements after his appointment as an auditor, so how to full fill this condition regarding neutrality, reliability, undesirability,etc ?
OPEN Admin answered May 15, 2015     Category:
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