Audit planning and records review
Understanding the entity, records, controls and reporting framework relevant to the assignment.
Professional service
Audit & Assurance Services
The firm undertakes eligible audit and assurance-related assignments based on the nature of the entity, applicable reporting requirements and professional independence considerations.
Scope
Areas that may be included
The final scope depends on the facts, records, applicable requirements and the terms of the accepted engagement.
Testing and documentation
Performance and documentation of procedures appropriate to the agreed engagement.
Financial information review
Review of supporting records, reconciliations and explanations relevant to the report.
Reporting and communication
Issue of the applicable report and communication of matters within the agreed professional scope.
Working process
How the engagement is generally organised
- Assess eligibility, independence, appointment requirements and the proposed scope.
- Issue and agree the engagement documentation and information requirements.
- Perform planned procedures and resolve information requests with management.
- Complete review, reporting and required communications.
Questions and answers
Frequently asked questions
Can every audit assignment be accepted?
No. Acceptance depends on applicable law, professional eligibility, independence, appointment requirements, available records and the proposed scope.
What is needed before audit work begins?
The firm normally needs information about the entity, reporting period, applicable requirement, prior auditor where relevant, records available and expected timelines before deciding whether to accept the assignment.
Does an audit guarantee that every issue will be identified?
No. Audit and assurance engagements are performed within defined professional standards and scope. They do not provide an absolute guarantee or replace management’s responsibilities.
Contact information
Describe the requirement without confidential attachments
The firm will confirm whether the matter is within scope and what information is required next.