Examples of Duration of the Audit in a sentence
Inclusive of all taxes in the following format: - Work DescriptionAmount (USD)Audit Fees Disbursements (Estimate) Miscellaneous expenses (if any) Total Duration of the Audit Work …………………………………………….
Duration of the Audit Was Reasonable 🞎 Strive to keep to the timeline communicated in the opening meeting 🞎 If the timeline needs to be modified, be sure to communicate the change along with an explanation to the customers 🞎 Ensure the budget and timeline is reasonable 🞎 Anticipate obstacles and arrive at solutions 10.
Thisis also confirmed by the CEAOB in its 28 November 2019 Guidelines on the Duration of the Audit Engagement, page 2.
The CEAOB has confirmed that “most senior personnel” includes “at least those who– not being key audit partners and engagement quality control reviewers – participate, with the audit team, in the direction, review or supervision of the audit engagement and the members of the audit team who are registered as statutory auditors” (see 28 November 2019, Guidance on the Duration of the Audit Engagement; page 5).
Duration of the Audit CommitteeThe Audit Committee shall remain in effect until repealed or amended by the Board of Education.
Duration of the Audit procedures and compliance occurs within a week.
It is also highly recommended by the CEAOB as a good practice, that the key audit partner is not appointed as engagement quality control reviewer during the cooling-off period, as it could impair the objectivity to perform the responsibilities laid out in Article 8 of the Regulation due to a high familiarity threat (see 28 November 2019 Guidance on the Duration of the Audit Engagement; page 5).