Special purpose audits refer to those circumstances in which the auditor is required to report on specific financial information for specific purposes to specific users, in comparison with the general audit of financial statements. Special purpose audit engagements, according to the International Standard On Auditing, include audits of:
- A complete set of financial statements prepared in accordance with a an
other comprehensive basis of accounting;
- A component of a complete set of general purpose or special purpose
financial statements, such as a single financial statement, specified
accounts, elements of accounts, or items in a financial statement;
- Compliance with contractual agreements; and
- Summarized financial statements.
Typical special purpose audit services we provide include the following non-standard audits:
- Tax audit
Examples include annual enterprise income tax audit for companies, annual tax audit for representative offices of foreign companies, and specific-item tax report (eg.disposal of assets)
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