Page 43 - CA Final PARAM Digital Book.

➢ Reliance on other Joint Auditor

Reliance On Other Joint Auditors

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J.A Is entitled To proceed
J.A Is Entitled to assume that (Where FST of division/branch are audited by one
of the J.A, the other J.A s)

a a
The other J.A s have brought to the Notice of said On the basis that FST audited by other J.A s:
joint auditor:
a) Comply with the legal and regulatory requirements.
b) Present a true and fair view of affairs and operations of the
1.Any Departure from app. FRF or
2.Sig. observations, division/branch concerned.
relevant to their responsibilities .
b b
1.Other J.A s have performed their part
of the audit worK.
2.Work has been performed as per
Relevant SA s (ICAI).
c c
Any Review/Tests by other
J.A to ascertain the Same
is NOT NECESSARY.

• Each joint auditor is entitled to assume that:
• The other joint auditors have carried out their part of the audit work and the work has actually been
performed in accordance with the Standards on Auditing issued by the Institute of Chartered
Accountants of India. It is not necessary for a joint auditor to review the work performed by other
joint auditors or perform any tests in order to ascertain whether the work has actually been
performed in such a manner.
• The other joint auditors have brought to said joint auditor’s notice any departure from applicable
financial reporting framework or significant observations that are relevant to their responsibilities
noticed in the course of the audit.

• Where financial statements of a division/branch are audited by one of the joint auditors, the other
joint auditors are entitled to proceed on the basis that such financial statements comply with all the
legal and regulatory requirements and present a true and fair view of the state of affairs and of the
results of operations of the division/branch concerned.

• Before finalizing their audit report, the joint auditors shall discuss and communicate with each other
their respective conclusions that would form the content of the audit report.

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