Assurance Engagements Other than Audits or Reviews of ...

1 Assurance Engagements Other than Audits or Reviews of Historical Financial Information Hong Kong Standard on Assurance Engagements 3000 (Revised) HKSAE 3000 (Revised) Issued March 2014; revised February 2015, January 2019, September 2019, July 2020, December 2021 Effective for Assurance reports dated on or after 15 December 2015 Assurance Engagements Other than Audits or Reviews of Historical Financial Information Copyright 2 HKSAE 3000 (Revised) (December 2021) COPYRIGHT Copyright 2021 Hong Kong Institute of Certified Public Accountants The Hong Kong Standard on Assurance engagement 3000 (Revised)

2 , Assurance Engagements Other than Audits or Reviews of Historical Financial Information is based on the International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information of the International Auditing and Assurance Standards Board (IAASB), published by the International Federation of Accountants (IFAC) in April 2020 and is used with permission of IFAC. Copyright April 2020 by the IFAC. All rights reserved. Used with permission of IFAC.

3 Contact for permission to reproduce, store or transmit, or to make Other similar uses of this document. This Hong Kong Standard on Assurance Engagements contains IFAC copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Finance and Operations, Hong Kong Institute of Certified Public Accountants, 37/F.

4 , Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong. All rights in this material outside of Hong Kong are reserved by IFAC. Reproduction of Hong Kong Standards on Assurance Engagements outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the IFAC at Assurance Engagements Other than Audits or Reviews of Historical Financial Information Copyright 3 HKSAE 3000 (Revised) (January 2019) HONG KONG STANDARD ON Assurance Engagements 3000 (REVISED) Assurance Engagements Other than Audits OR Reviews OF HISTORICAL FINANCIAL INFORMATION (Effective for Assurance reports dated on or after 15 December 2015)

5 CONTENTS Paragraph Introduction .. 1 4 Scope .. 5 8 Effective Date .. 9 Objectives .. 10-11 Definitions .. 12 13 Requirements Conduct of an Assurance engagement in Accordance with HKSAEs .. 14 19 Ethical Requirements .. 20 Acceptance and Continuance .. 21 30 quality control .. 31 36 Professional Skepticism, Professional Judgment, and Assurance Skills and Techniques .. 37 39 Planning and Performing the engagement .. 40 47 Obtaining Evidence .. 48 60 Subsequent Events .. 61 Other Information .. 62 Description of Applicable Criteria.

6 63 Forming the Assurance Conclusion .. 64 66 Preparing the Assurance Report .. 67 71 Unmodified and Modified Conclusions .. 72 77 Other Communication Responsibilities .. 78 Documentation .. 79-83 Conformity and Compliance with International Standards on Assurance Engagements .. 84-85 Application and Other Explanatory Material Introduction .. A1 Objectives .. A2 Assurance Engagements Other than Audits or Reviews of Historical Financial Information Copyright 4 HKSAE 3000 (Revised) (January 2019) Definitions .. A3 A20 Conduct of an Assurance engagement in Accordance with HKSAEs.

7 A21 A29 Ethical Requirements .. A30 A34 Acceptance and Continuance .. A35 A59 quality control .. A60 A75 Professional Skepticism and Professional Judgment .. A76 A85 Planning and Performing the engagement .. A86 A108 Obtaining Evidence .. A109 A140 Subsequent Events .. A141 A142 Other Information .. A143 Description of the Applicable Criteria .. A144 A146 Forming the Assurance Conclusion .. A147 A158 Preparing the Assurance Report .. A159 A188 Unmodified and Modified Conclusions .. A189 A192 Other Communication Responsibilities.

8 A193 A199 Documentation .. A200 A207 Appendix: Roles and Responsibilities Hong Kong Standard on Assurance Engagements (HKSAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information, should be read in conjunction with the Amended Preface to the Hong Kong quality control , Auditing, Review, Other Assurance , and Related Services Pronouncements. Assurance Engagements Other than Audits or Reviews of Historical Financial Information Copyright 5 HKSAE 3000 (Revised) (July 2020) Introduction 1.

9 This Hong Kong Standard on Assurance Engagements (HKSAE) deals with Assurance Engagements Other than Audits or Reviews of historical financial information, which are dealt with in Hong Kong Standards on Auditing (HKSAs) and Hong Kong Standards on Review Engagements (HKSREs), respectively. (Ref: Para. A21 A22) 2. Assurance Engagements include both attestation Engagements , in which a party Other than the practitioner measures or evaluates the underlying subject matter against the criteria, and direct Engagements , in which the practitioner measures or evaluates the underlying subject matter against the criteria.

10 This HKSAE contains requirements and application and Other explanatory material specific to reasonable and limited Assurance attestation Engagements . This HKSAE may also be applied to reasonable and limited Assurance direct Engagements , adapted and supplemented as necessary in the engagement circumstances. 3. This HKSAE is premised on the basis that : (a) The members of the engagement team and the engagement quality control reviewer (for those Engagements where one has been appointed) are subject to the provisions of the Code of Ethics for Professional Accountants1a issued by the Hong Kong Institute of Certified Public Accountants (the Code) related to Assurance Engagements , or Other professional requirements, or requirements in law or regulation, that are at least as demanding; and (Ref: Para.)