43 paragraphs found
When the auditor modifies the audit opinion, the auditor shall use the heading “Qualified Opinion,” “Adverse Opinion,” or “Disclaimer of Opinion,” as appropriate, for the Opinion section. …
See ASA 450 Evaluation of Misstatements Identified during the Audit , paragraph 11 . …
See ASA 510 Initial Audit Engagements―Opening Balances , paragraph 10 . …
See ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report , paragraphs 11–13 . …
Examples of circumstances relating to the nature or timing of the auditor’s work include when: The entity is required to use the equity method of accounting for an associated entity, and the auditor is unable to obtain sufficient appropriate audit …
When the auditor expresses a qualified or adverse opinion, the auditor shall amend the statement about whether the audit evidence obtained is sufficient and appropriate to provide a basis for the auditor’s opinion required by paragraph 28(d) of ASA 700 to …
ASA 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement , deals with circumstances where the auditor is engaged to express a separate opinion on one or more specific elements, …
Pervasive – A term used, in the context of misstatements, to describe the effects on the financial report of misstatements or the possible effects on the financial report of misstatements, if any, that are undetected due to an inability to obtain …
Unless required by law or regulation, when the auditor disclaims an opinion on the financial report, the auditor’s report shall not include a Key Audit Matters section in accordance with ASA 701 [4] or an Other Information section in accordance with …
If there is a material misstatement of the financial report that relates to the non‑disclosure of information required to be disclosed, the auditor shall: Discuss the non‑disclosure with those charged with governance; Describe in the Basis for Opinion …