Where policies or procedures are not documented, or the entity has less formalised controls, the auditor may still be able to obtain some audit evidence to support the identification and assessment of the risks of material misstatement through observation …

Testing How Management Made the Accounting Estimate …

When testing how management made the accounting estimate, the auditor’s further audit procedures shall include procedures, designed and performed in accordance with paragraphs 23–26 , to obtain sufficient appropriate audit evidence regarding the risks of …

Methods …

In applying the requirements of paragraph 22 , with respect to methods, the auditor’s further audit procedures shall address: Whether the method selected is appropriate in the context of the applicable financial reporting framework, and, if applicable, …

Significant Assumptions …

In applying the requirements of paragraph 22, with respect to significant assumptions, the auditor’s further audit procedures shall address: Whether the significant assumptions are appropriate in the context of the applicable financial reporting …

Data …

In applying the requirements of paragraph 22, with respect to data, the auditor’s further audit procedures shall address: Whether the data is appropriate in the context of the applicable financial reporting framework, and, if applicable, changes from …

Management’s Selection of a Point Estimate and Related Disclosures about Estimation Uncertainty …