CTHRepealedLegislation
ASA 210 - Terms of Audit Engagements - April 2006
Recurring AuditsRecurring Audits
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Recurring Audits
18 On recurring audits, the auditor shall consider whether circumstances require the terms of the engagement to be revised, and whether there is a need to re-confirm in writing the existing terms of the engagement with the entity.
19 The auditor may decide not to send a new engagement letter each period. However, the following factors may make it appropriate to send a new engagement letter:
- Any indication that the entity misunderstands the objective and scope of the audit.
- Any revised or special terms of the engagement.
- A recent change of senior management or those charged with governance.
- A significant change in ownership.
- A significant change in the nature or size of the entity’s business.
- Legal or regulatory requirements.