# Joint Audit – SA 299
## What is Joint Audit?
Joint Audit means pooling together the resources and expertise of more than one CA Firm to audit an entity.
Real-world Example: Reliance Ltd is audited jointly by Chaturvedi & Shah and Deloitte.
## Special Considerations in Carrying Out a Joint Audit
### i) Planning the Audit Engagement
- All engagement partners and other key members from the Joint Audit team must be involved in planning.
### ii) Jointly Establish Overall Audit Strategy
- All joint auditors together establish the overall audit strategy covering:
- Scope
- Timing
- Direction
- Resources
- Results of preliminary engagement activities
### iii) Discuss and Develop a Joint Audit Plan
- Joint auditors together discuss and document a Joint Audit Plan covering:
- Nature of audit procedures
- Timing of audit procedures
- Extent of audit procedures
### iv) Audit Areas — Two Categories
| Category | Description |
|---|---|
| Common Audit Areas | Audited jointly by all joint auditors |
| Individual Audit Areas | Allocated to specific joint auditors |
### v) Engagement Letter
- A common engagement letter — signed by all joint auditors.
### vi) Management Representation Letter
- Common — signed by joint auditors; communicated to TCWG.
### vii) Work Allocation Document
- Signed by all joint auditors.
- Communicated to TCWG.
## Reporting in Joint Audit
- A single common audit report is issued (not separate reports).
- An OM Para is included disclosing the joint audit arrangement and naming all joint auditors.