Has the EER assurance engagement met the preconditions?
Before accepting or continuing the engagement, one of your first key decisions as the practitioner is establishing whether the assurance engagement meets the preconditions.
Chapter 3, “Determining Preconditions and Agreeing the Scope of the EER Assurance Engagement,” provides guidance on applying the acceptance and continuance requirements of Canadian Standard on Assurance Engagements (CSAE) 3000, Attestation Engagements Other Than Audits or Reviews of Historical Financial Information, for a proposed EER engagement, including:
- establishing whether the preconditions are present;
- agreeing to the scope of the engagement;
- understanding the work effort that may be appropriate in applying the acceptance and continuance requirements; and
- remaining alert to, and managing, potential threats to independence that may arise.
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