The Audit Chamber of Ukraine has clarified how to complete form No.1 – audit (annual) “Report of Audit Firm (Auditor) on Services”, a few particular lines.
The Audit Chamber of Ukraine’s (hereinafter – the ACU) elucidates:
Reporting under form No.1 – audit (annual) “Report of Audit Firm (Auditor) on Services” is set out in ACU’s resolution dd. 28.01.2010, No.2010/12 (as amended) (hereinafter – the Instruction).
In case the entity undergoing an audit has fulfilled the tasks in relation to reasonable assurance (lines 110-114), with involving another auditable entity on contractual terms, the above said entity should fill out line 119 of the Report, according to par.4.5. of the Instructions.
The auditable entity involved by another entity, subject to audit, to accomplish tasks concerning reasonable assurance on the contractual terms (consultations, settlements, etc.), without auditor’s opinion (report), should reflect the services in line 135 of the Report, without stating a number of requests (contracts).
