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Auditing Standard ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information
Scope of this ASA (Ref: Para. 1)Scope of this ASA (Ref: Para. 1)
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Scope of this ASA (Ref: Para. 1)
- This ASA applies to all audits of a financial report and other historical financial information, including audits of a group financial report. ASA 600[12] deals with special considerations that apply to an audit of a group financial report and when component auditors are involved. ASA 600, adapted as necessary in the circumstances, may also be useful in an audit of a financial report when the engagement team includes individuals from another firm. For example, ASA 600 may be useful when involving such an individual to attend a physical inventory count, inspect property, plant and equipment, or perform audit procedures at a shared service centre at a remote location.