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    Question

    As per SA 210, the auditor shall agree the terms of the

    audit engagement with:
    A The internal auditor of the company. Correct Answer Incorrect Answer
    B Management or those charged with governance (TCWG) as appropriate. Correct Answer Incorrect Answer
    C The Central Government. Correct Answer Incorrect Answer
    D The shareholders in the Annual General Meeting. Correct Answer Incorrect Answer
    E The Institute of Chartered Accountants of India. Correct Answer Incorrect Answer

    Solution

    SA 210 "Agreeing the Terms of Audit Engagements" requires the auditor to agree the terms with management or TCWG to avoid misunderstandings regarding the nature of the engagement.

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