• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Non audit services

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Non audit services

  • This topic has 3 replies, 3 voices, and was last updated 2 years ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 4, 2020 at 6:28 pm #594080
    alikhakar
    Member
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    What is the difference between Non Audit services and Audit related services
    Are these services:
    Review of Financial Info
    Prospective Financial Information
    Forensic Audit
    Are these all Audit related or Non Audit ..I’m confused between these two terms

    Thanks for your time 🙂

    November 5, 2020 at 7:03 am #594099
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6787
    • ☆☆☆☆☆

    “Related services” are engagements conducted in accordance with ISRSs of which there are currently two (see page 124 of the notes):
    Agreed-upon procedures (ISRE 4400))
    Compilation engagements (ISRE 4410)

    There are references to “audit and non-audit services provided by the firm” in ISA 265 (communication with those charged with governance). It simply refers to all services, other than audit, provided to an audit client.

    These “non-audit services” may be provided through:
    – an “assurance engagement (other than an audit or review of historical financial information” – e.g. PFI – (see page 123 of the notes); or
    – “non-assurance engagement” – this term isn’t defined by IAASB but must mean any engagement which does not provide reasonable or limited assurance. So yes, that would include “related services”.

    “Non-assurance” is the term that crops up most commonly with reference to independence for assurance (audit and review) engagements. Examples from the IESBA Code include accounting/bookkeeping, valuation, taxation, internal audit, IT systems, litigation support, legal, recruitment, corporate finance.

    November 20, 2020 at 4:26 am #595690
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    At what point auditors are allowed to perform recruiting service to clients?

    November 20, 2020 at 7:46 am #595699
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6787
    • ☆☆☆☆☆

    It is unclear what you mean by “at what point”.

    See at the bottom of page 24:
    “Recruiting services – generally, must not assume management responsibility (eg act as
    negotiator for management) and hiring decision must be the client’s. For a PIE, cannot seek or
    take up references for a director or senior management position.”

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Time Series Analysis – ACCA Management Accounting (MA)
  • John Moffat on The use of the target cost – ACCA Performance Management (PM)
  • tello18956 on CIMA BA2 Non-Financial Performance Measurement
  • 56v647e on ACCA AB Chapter 3 – An organisation’s stakeholders – Questions
  • SwissCheese on The use of the target cost – ACCA Performance Management (PM)

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy