Sir, as per SA 550, when there is assertion about transaction with related party in FS by Manangement, auditor needs to obtain evidence about the arm’s length nature of the transaction. Suppose transfer pricing audit is done by other than statutory auditors of the company. So, in this case which SA will be applicable? SA 600(other auditor, eg.branch) or SA 620(auditor’s expert). What std to be used for reporting by statutory auditor for transfer pricing audit done by other auditor? In case such question is asked which will be a more appropriate std to mention?
ANSWERED Ravi answered October 6, 2017     Category:
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