SA 299 Summary Responsibility of Joint Auditors
Summary for the Auditing Standards 299 Responsibility of Joint Auditors is as Below
1. Purpose: deals with responsibilities of the joint auditor’s.
2. Division of work: by mutual discussion in terms of audit of identifiable units/areas.
3. Documented & communicated: division of work should be adequately documented and
preferably communicated to the entity.
4. Joint auditor comes across significant matters communicate the same to all the other joint auditors.
5. Responsibility of joint auditor’s:
a. In respect of divided audit work– each auditor is responsible only for the work allocated to him.
b. jointly and severally responsible
¡ In respect of undivided work among the joint auditors.
¡ Compliance & disclosure requirements of the relevant statute.
¡ audit report compiles with the relevant statute.
6. Reporting Responsibilities:
a. in case of a disagreement joint auditors should express their own opinion through a separate report.
7. Advantages: Sharing of expert knowledge, Lower workload, Better quality of performance &
improved service to the client.
8. Disadvantages: Problems of coordination, Problems of tracing the responsibility& Increase in cost of audit.
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