ISA 210: AGREEING THE TERMS OF AUDIT ENGAGEMENTS

ACCEPTANCE AND CONTINANUCE PROCEDURES AGREEING TERMS OF ENGAGEMENT

Preconditions for Audit Scope Limitation Additional Considerations Terms of Engagement Recurring and Change in Terms of Engagement
before Acceptance Component
Audit

What How Auditor Ensures Course of Action if Financial reporting standards Auditor’s report Required May When Relevant Management Management If No reasonable
Preconditions are Preconditions are NOT supplemented by Law or prescribed by Law requests to change requests to change justification to
Present Present Regulation or Regulation terms Audit to Review change
(& Significantly
AFRF is Management different)
Acceptable agrees on
Premise Additional requirements Additional requirements Factors to If reasonable Factors to If reasonable
CAN be met through CANNOT be met Consider Justification Consider Justification
additional disclosures through additional Additional Additional
disclosures explanation can explanation
mitigate cannot mitigate
misunderstanding misunderstanding