Special Purpose Audit
“Chartered accountants conducting a special purpose audit will follow the Standards on Auditing (800 Series) and may also adhere to specific guidelines or requirements set by the client.
Some common reasons for conducting a special purpose audit include:
1. Fist time adoption of Ind AS.
2. Requirement made by regulatory authorities for specific event.
3. Evaluating the effectiveness of internal controls.
4. Verifying compliance with specific regulatory requirements.”