Page 186 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori
• The report must state the date of the practitioner’s report.
8. Practitioner’s Signature and Place:
• Finally, the report should include the practitioner’s signature and the place of signature.

(CNO SRS 4410.100) Other Points:
Engagement Level Quality Control

Engagement Partner Responsibility:
• The engagement partner is accountable for the overall quality of each compilation engagement assigned to that
partner.
Adherence to Firm's Quality Control:
• The partner must ensure that the engagement is conducted in line with the firm’s quality control policies and
procedures.
Documentation

Trial Balance & Other information:
• The practitioner may also consider including a copy of the entity’s trial balance, summary of significant
accounting records, or other information used to perform the compilation in the engagement documentation.
Record of Reconciliation:
• The documentation should include a record of how the compiled financial information reconciles with the
underlying records, documents, and other information provided by management.
Copy of Final Version and Report:
• The documentation must contain a copy of the final version of the compiled financial information and the
practitioner’s report, for which responsibility has been acknowledged by management or those charged with
governance.
Significant Matters:
• The practitioner shall document significant matters arising during the compilation engagement and how those
matters were addressed.

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