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ASA 210 - Agreeing the Terms of Audit Engagements - October 2009
Limitation on Scope Prior to Audit EngagLimitation on Scope Prior to Audit Engagement Acceptance
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Limitation on Scope Prior to Audit Engagement Acceptance
- If management or those charged with governance impose a limitation on the scope of the auditor’s work in the terms of a proposed audit engagement such that the auditor believes the limitation will result in the auditor disclaiming an opinion on the financial report, the auditor shall not accept such a limited engagement as an audit engagement, unless required by law or regulation to do so.
Other Factors Affecting Audit Engagement Acceptance
- If the preconditions for an audit are not present, the auditor shall discuss the matter with management. Unless required by law or regulation to do so, the auditor shall not accept the proposed audit engagement:
- If the auditor has determined that the financial reporting framework to be applied in the preparation of the financial report is unacceptable, except as provided in paragraph 19 of this Auditing Standard; or
- If the agreement referred to in paragraph 6(b) of this Auditing Standard has not been obtained.