Recurring audit engagement
A recurring audit engagement is an audit performed for an entity for a successive reporting period after an earlier engagement. The auditor reassesses continuance, independence, engagement terms and current risks, and updates the plan and documentation.
Worked example
The incumbent auditor reviews changes in the client’s systems and agrees whether prior engagement terms remain appropriate for the next year.
Common mistake
Prior acceptance or an unmodified opinion does not remove the need to reassess the current engagement.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |