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Where the auditor finds it necessary to perform new or additional audit procedures or draw new conclusions after the date of the assurance engagement report, the auditor shall
obtain approval from the engagement leader to perform new or additional audit procedures or draw new conclusions;
document the specific reasons (circumstances encountered);
document the new or additional procedures performed, audit evidence obtained, and conclusions reached, and their effect on the report;
document when and by whom the resulting changes to audit documentation were made and reviewed; and
document the engagement leader’s approval obtained above. [Apr-2015]
Without general guidance on matters arising after the date of the assurance engagement report in other Canadian assurance standards, CAS 230—Audit Documentation has been referred to for the principles and guidance on matters arising after the date of the assurance engagement report for all assurance engagements conducted by the Office. The requirements and application guidance found in CAS may be viewed by clicking the “more” feature displayed in the standards information above.
Circumstances where an auditor performs new or additional audit procedures or draws new conclusions after the date of an assurance engagement report are exceptional. They may include circumstances where the auditor becomes aware of facts after the date of the assurance engagement report that existed at that date and, if known, might have caused financial statements to be amended or the auditor to modify the assurance engagement report.
Where new or additional audit procedures or new conclusions are drawn after the date of an assurance engagement report, consultation with the Auditor General and Engagement Quality Reviewer (where appointed) may be necessary. OAG Audit 3081 provides for additional guidance on consultations.
If matters arise after the date of the auditor’s report but before the assembly of the final audit file is completed and the file finalized, the team documents any new or additional procedures or new conclusions directly in the audit file.
In cases where the audit file has already been finalized, team members apply the policy stated in this section before referring to OAG Audit 1172 for guidance on where they may store documentation of any new or additional procedures or new conclusions.