Change In Audit Engagement Terms

Question 1

Change in audit engagement terms

Answer 1

Here are the smart notes:

Changes in Audit Engagement Terms (ISA 210)

• The entity may request a change in audit engagement terms due to changed circumstances, misunderstanding, or inability to obtain sufficient audit evidence.
• The auditor must consider the justification for the request and determine if it’s “reasonable”.
• If the request is reasonable, the auditor should agree on revised terms and document them.
• If the auditor cannot agree to the changed terms, they should withdraw from the engagement and consider reporting the circumstances to those charged with governance, owners, or regulators.