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Dear Kim
In the notes I have found “other reports” statement in the engagement letter:
“Identify any reports to be produced in addition to the auditor’s report. For example, for banking
or insurance clients who may come under additional scrutiny.”Isn’t it advocacy threat to prepare such reports, or it is like a tax work can be prepared by different team within the same auditors firm?
Thanks in advance,
VeronikaThese would be reports which the auditor is required to making in regulated industries (so not examinable in AA – nor indeed in AAA!) So an advocacy threat would not arise because they are not reports on behalf of the client.
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