Implementation Guide to the Standard on Auditing (SA) 210
Implementation Guide to the Standard on Auditing (SA) 210, “Agreeing the Terms of Audit Engagements”
Introduction
The purpose of this Implementation Guide is to provide practical guidance on implementation of the principles laid down in the Standard on Auditing (SA) 210, “Agreeing the Terms of Audit Engagements”.
SA 210 is effective for audits of financial statements for periods beginning on or after 01st April, 2010.
SA 210 deals with the auditor’s responsibilities in agreeing the terms of the audit engagement with management and, where appropriate, those charged with governance. This includes establishing that certain preconditions for an audit, responsibility for which rests with management and, where appropriate, those charged with governance, are present. SA 220, “Quality Control for an Audit of Financial Statements” deals with those aspects of engagement acceptance that are within the control of the auditor.
Also Read:
- Implementation Guide to the Standard on Auditing (SA) 560, “Subsequent Events”
- Extension of the last date for complying with the CPE hours
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