TWSA801A The Auditor's Report on Special Purpose financial information 　 　 　

Status

Revised by Auditing Standards Committee in Taiwan on 4 October, 2022.

Summary

Special purpose financial information includes:

• Financial statements that are prepared in conformity with a special purpose framework
• Single financial statement or Specified elements, accounts, or items of a financial statement
• 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 financial information, 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 Standard is effective from 15 December, 2022.