Page 225 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori
5E. Statements on procedures that: -
Reasonable Assurance: A reasonable assurance engagement to report on whether the pro forma financial
information has been compiled, in all material respects, on the basis of the applicable criteria involves performing
procedures to assess whether the applicable criteria used by the responsible party in the compilation of the pro
forma financial information provide a reasonable basis for presenting the significant effects directly attributable
to the event or transaction and to obtain sufficient appropriate evidence about whether: -
i) The related pro forma adjustments give appropriate effect to those criteria; and
ii)The pro forma financial information reflects the proper application of those adjustments to the unadjusted
financial information.
5F. Practitioner’s Judgment:
The procedures selected depend on the practitioner’s judgment, having regard to
the practitioner’s understanding of the nature of the entity, the event or transaction
in respect of which the pro forma financial information has been compiled, and other relevant engagement
circumstances and
5G. Overall Presentation: The engagement also involves evaluating the overall presentation of the pro forma
financial information
6. Opinion.
Unless otherwise required by law or regulation, the practitioner’s opinion using one of the following phrases,
which are regarded as being equivalent: -
(i) The pro forma financial information has been compiled, in all material respects, on the basis of the applicable
criteria or
(ii) The pro forma financial information has been properly compiled on the basis stated.
Signature: The practitioner’s signature.
Date: The date of the report.
Place: And the place of signature.

(CNO 3420.200) Documentation
As in case of all assurance engagements, documentation has to be ensured by the practitioner while performing
engagement under SAE 3420.

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