42 paragraphs found
The conclusions drawn from the results of analytical procedures designed and performed in accordance with paragraph 6 are intended to corroborate conclusions formed during the audit of individual components or elements of the financial report. This …
The results of such analytical procedures may identify a previously unrecognised risk of material misstatement. In such circumstances, ASA 315 requires the auditor to revise the auditor’s assessment of the risks of material misstatement and modify the …
The analytical procedures performed in accordance with paragraph 6 may be similar to those that would be used as risk assessment procedures. …
Audit evidence relevant to management’s responses may be obtained by evaluating those responses taking into account the auditor’s understanding of the entity and its environment, and with other audit evidence obtained during the course of the audit. …
The need to perform other audit procedures may arise when, for example, management is unable to provide an explanation, or the explanation, together with the audit evidence obtained relevant to management’s response, is not considered adequate. …
See ASA 320 Materiality in Planning and Performing an Audit , paragraph A13. …