SAS No. 28 The Auditor's Report on Special Purpose Audit Engagements      


Revised by Auditing Standards Committee in Taiwan on 21 December, 1999.


Special purpose audit engagements including:

  • Financial statements that are prepared in conformity with a comprehensive basis of accounting other than generally accepted accounting principles
  • Specified elements, accounts, or items of a financial statement
  • Compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements
  • Financial presentations to comply with contractual agreements or regulatory provisions
  • Financial information presented in prescribed forms or schedules that require a prescribed form of auditor's reports; and
  • Summarized financial statements.

The nature, timing and extent of work to be performed in a special purpose audit engagement will vary with the circumstances. Before undertaking a special purpose audit engagement, the auditor should ensure there is agreement with the client as to the exact nature of the engagement and the form and content of the report to be issued.

In planning the audit work, the auditor will need a clear understanding of the purpose for which the information being reported on is to be used, and who is likely to use it. To avoid the possibility of the auditor’s report being used for purposes for which it was not intended, the auditor may wish to indicate in the report the purpose for which the report is prepared and any restrictions on its distribution and use.

The auditor should review and assess the conclusions drawn from the audit evidence obtained during the special purpose audit engagement as the basis for an expression of opinion. The report should contain a clear written expression of opinion.

Effective date

This Statement is effective from 31 December, 1999.

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