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audit engagement contract, non-profit non-stock entity

22 October 2009 1,316 views No Comment

1.  is it possible for an audit engagement agreement as a tripartite audit engagement contract:

auditor,  auditee (non-stock non-profit) and funder (funding agency)?

2.  Can a funder (funding agency) enter into a bilateral  audit engagement contract with an external auditor

to audit a third party a non-stock non profi entity?

3.  The new standard for SME’s .  do these standars apply to non-stock non profit entities?

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