Recurring Audits SA 210

1

On recurring audits, the auditor shall assess whether circumstances require the terms of the audit engagement to be revised and whether there is a need to remind the entity of the existing terms of the audit engagement.

The auditor may decide not to send a new audit engagement letter or other written agreement each period. However, the following factors may make it appropriate to revise the terms of the audit engagement or to remind the entity of existing terms:

2

Any indication that the entity misunderstands the objective and scope of the audit.

3

Any revised or special terms of the audit engagement.

4

A recent change of senior management.

5

A significant change in ownership.

6

A significant change in nature or size of the entity's business.

7

A change in legal or regulatory requirements.

8

A change in the financial reporting framework adopted in the preparation of the financial statements.

9

A change in other reporting requirements.