Auditing and Assurance Standards and Guidance

Auditing Standards (UK)

FRC ISAs (UK) applicable for periods beginning on or after 17 June 2016 in the UK

ISA (UK) 210 (Revised June 2016) Agreeing the Terms of Audit Engagements

Application and Other Explanatory Material
Preconditions for an Audit
Agreement of the Responsibilities of Management (Ref: Para. 6(b))
Considerations Relevant to Smaller Entities (Ref: Para. 6(b))
A21.One of the purposes of agreeing the terms of the audit engagement is to avoid misunderstanding about the respective responsibilities of management and the auditor. For example, when a third party has assisted with the preparation of the financial statements, it may be useful to remind management that the preparation of the financial statements in accordance with the applicable financial reporting framework remains its responsibility.
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