AUP Engagements: SAICA_FAQs on Application of ISRS 4400 (Revised)

11 October 2022
Accounting
South African Accounting Academy

This document provides guidance for SAICA members and associate general accountants (AGAs). Where a SAICA member or an AGA is also a member of another professional body, the obligations on the member in terms of that professional body should also be considered.

Where a practitioner performs an agreed-upon procedures engagement for an entity that is an assurance client of the practitioner, the practitioner needs to consider the impact (if any) of accepting the agreed-upon procedures engagement on the practitioner’s independence from the perspective of the assurance engagement.

The concept of professional judgement should be applied in all the scenarios described in the FAQs, in context of, and as required by ISRS 4400 (Revised).

Click here to download the FAQ document:

https://saicawebprstorage.blob.core.windows.net/uploads/resources/FAQs-September-2022.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

As an auditor, accountant and independent reviewer, you need to have an excellent working knowledge of a wide variety of topics, and may need to refer to handy Guides, Circulars and FAQ documents that have been issued by SAICA as a regulator.
This publication provides guidance for SAICA members and associate general accountants (AGAs). Where a SAICA member or an AGA is also a member of another professional body, the obligations on the member in terms of that professional body should also be considered, which should also benefit everyone with similar issues or questions.

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