Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p64
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 214248–217364

understanding of the ASSA, and definitions.

 2.          The objectives in an ASSA provide the context in which the requirements of the ASSA are set, and are intended to assist in:

         1.                 Understanding what is to be accomplished; and

         2.                 Deciding whether more needs to be done to achieve the objectives.

The proper application of the requirements of an ASSA by the practitioner is expected to provide a sufficient basis for the practitioner's achievement of the objectives. However, because the circumstances of assurance engagements vary widely, and all such circumstances cannot be anticipated in the ASSA, the practitioner is responsible for determining the procedures necessary to fulfill the requirements of relevant ASSAs, and to achieve the objectives stated therein. In the circumstances of an engagement, there may be particular matters that require the practitioner to perform procedures in addition to those required by relevant ASSAs to meet the objectives specified in those ASSAs.

 1.          The requirements of ASSAs are expressed as "shall."

 2.          Where necessary, the application and other explanatory material provides further explanation of the requirements and guidance for carrying them out. In particular, it may:

           * Explain more precisely what a requirement means or is intended to cover.

           * Include examples that may be appropriate in the circumstances.

While such guidance does not in itself impose a requirement, it is relevant to the proper application of the requirements. The application and other explanatory material may also provide background information on matters addressed in an ASSA. Where appropriate, additional considerations specific to public sector entities or smaller or less complex entities are included within the application and other explanatory material. These additional considerations assist in the application of the requirements in the ASSAs. They do not, however, limit or reduce the responsibility of the practitioner to apply and comply with the requirements in an ASSA.

 1.          Definitions are provided in an ASSA to assist in the consistent application and interpretation of the ASSA and are not intended to override definitions that may be established for other purposes, whether by laws, regulations or otherwise.

 2.          Appendices form part of the application and other explanatory material. The purpose and intended use of an appendix are explained in the body of the related ASSA or within the title and introduction of the appendix itself.

Complying with Relevant Requirements (Ref: Para. 22–23)

 1.          Although some procedures are required only for reasonable assurance engagements, they may nonetheless be appropriate in some limited assurance engagements.

 2.          The requirements of this ASSA and any other relevant ASSAs are designed to enable the practitioner to achieve the objectives specified in the ASSA, and thereby the overall objectives of the practitioner. Accordingly, other than in exceptional circumstances, the practitioner