If the attendance at physical directory depending is impracticable, ISA 501 requires the auditor to perform solution audit procedures so you can get sufficient suitable audit evidence concerning your lifetime and standing away from list. If it’s not you can easily to do so, the fresh new auditor shall modify the view in the auditor’s statement for the accordance with ISA (Uk and you will Ireland) 705.
It should be detailed that ISA 501 contemplates only minimal situations when the auditor’s attendance in the collection depending is experienced impracticable, primarily regarding the fact that the sort and you may venue off the fresh directory get perspective dangers to your safeguards of the auditor. In the event that attendance is simply essentially inconvenient to your auditor who not create impracticable. Thus, since the told me into the ISA (British and Ireland) 200, matter of challenge, big date otherwise prices inside it won’t by itself feel a valid cause for new auditor so you’re able to omit a review process of and this there isn’t any option or even to be happy with audit proof that’s below persuasive, as it may become instance when your catalog counting try maybe not attended.
About minimal cases where attendance during the list relying was impracticable, choice review procedures, such as for instance inspection from files of your after that revenue off specific collection issues, obtained otherwise ordered ahead of the list relying, might provide adequate suitable audit proof about the life and position out of index. Contine reading