CTHRepealedLegislation
ASA 800 - Special Considerations - Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks - October 2009
Considerations When Accepting the EngageConsiderations When Accepting the Engagement
Start here
Get a plain-English read of Considerations When Accepting the Engage
Turn the raw legal text into a practical explanation grounded in ASA 800 - Special Considerations - Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks - October 2009.
Considerations When Accepting the Engagement
Acceptability of the Financial Reporting Framework
- ASA 210 requires the auditor to determine the acceptability of the financial reporting framework applied in the preparation of the financial report.[3] In an audit of a special purpose financial report, the auditor shall obtain an understanding of:
- The purpose for which the financial report is prepared;
- The intended users; and
- The steps taken by management to determine that the applicable financial reporting framework is acceptable in the circumstances. (Ref: Para. A5‑A8)