Complexity or Subjectivity (Ref: Para.  16(b) ) The Degree to Which Complexity Affects the Selection and Application of the Method …

In taking into account the degree to which the selection and application of the method used in making the accounting estimate are affected by complexity, the auditor may consider: The need for specialised skills or knowledge by management which may …

The Degree to Which Complexity Affects the Selection and Application of the Data …

In taking into account the degree to which the selection and application of the data used in making the accounting estimate are affected by complexity, the auditor may consider: The complexity of the process to derive the data, taking into account the …

The Degree to Which Subjectivity Affects the Selection and Application of the Method, Assumptions or Data …

In taking into account the degree to which the selection and application of method, assumptions or data are affected by subjectivity, the auditor may consider: The degree to which the applicable financial reporting framework does not specify the valuation …

Engagement Team Discussion (Ref: Para. 17–18 ) Why the Engagement Team Is Required to Discuss the Application of the Applicable Financial Reporting Framework and the Susceptibility of the Entity’s Financial report to Material …

Other Inherent Risk Factors (Ref: Para.  16(b) ) …

The degree of subjectivity associated with an accounting estimate influences the susceptibility of the accounting estimate to misstatement due to management bias or fraud. For example, when an accounting estimate is subject to a high degree of …

Significant Risks (Ref: Para.  17 ) …