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ASA 210 - Agreeing the Terms of Audit Engagements - October 2009
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Definition
- For the purposes of this Auditing Standard, the following term has the meaning attributed below:
Preconditions for an audit means the use by management of an acceptable financial reporting framework in the preparation of the financial report and the agreement of management and, where appropriate, those charged with governance to the premise[2] on which an audit is conducted.
- For the purposes of this Auditing Standard, references to “management” should be read hereafter as “management and, where appropriate, those charged with governance.”