Social Audits – Socially Responsible Auditing Standards
- The engagement shall be performed by a practitioner having adequate technical training and proficiency in the attest function.
- The engagement shall be performed by a practitioner having adequate knowledge in the subject matter of the assertion.
- The practitioner shall perform an engagement only if he or she has reason to believe that the following two conditions exist:
- The assertion is capable of evaluation against reasonable criteria that either have been established by a recognized body or are stated in the presentation of the assertion in a sufficiently clear and comprehensive manner for a knowledgeable reader to be able to understand them.
- The assertion is capable of reasonably consistent estimation or measurement using such criteria.
- In all matters relating to the attest engagement, an independence in mental attitude shall be maintained by the practitioner who shall not have participated in the development of the assertion.
- Due professional care shall be exercised in the performance of the engagement.
- The work shall be adequately planned and assistants, if any, shall be properly supervised.
- A sufficient understanding of the communications and control structures is to be obtained to plan the audit and to determine the nature, timing, and extent of tests to be performed.
- Sufficient evidence shall be obtained to provide a reasonable basis for the conclusion that is expressed in the report.
Standards of Reporting
- The report shall identify the assertion being reported on and state the character of the engagement.
- The report shall state the practitionerï¿½s conclusion about whether the assertion is presented in conformity with the established or stated criteria against which it was measured.
- The report shall state all of the practitionerï¿½s significant reservations about the engagement and the presentation of the assertion.
- The report on an engagement to evaluate an assertion that has been prepared in conformity with agreed-upon criteria or on an engagement to apply agreed-upon procedures should contain a statement limiting its use to the parties who have agreed upon such criteria or procedures.