How SA 210 Shapes Audit Engagement Terms in 2023

SA 210 (Revised): Audit Engagement Terms Overview and Scope The Revised Standard on Auditing (SA 210) provides guidelines for auditors to formulate audit engagement terms with management or those charged with governance. It emphasizes the need for preconditions for audits, defining engagement terms, handling changes in engagements, and delineating distinct responsibilities for both management and auditors.