40 paragraphs found
In some circumstances, it may be appropriate for the auditor to obtain a written representation about a specific assertion in the financial report during the course of the audit. Where this is the case, it may be necessary to request an updated written …
… necessary by the auditor or required by other Australian Auditing Standards; and To respond appropriately to written …
… This appendix identifies paragraphs in other Auditing Standards that require subject-matter specific … and other explanatory material in the Australian Auditing Standards. ASA 240 The Auditor’s Responsibilities … for Litigation and Claims – paragraph 7 ASA 540 Auditing Accounting Estimates and Related Disclosures – …
Written representations are an important source of audit evidence. If management modifies or does not provide the requested written representations, it may alert the auditor to the possibility that one or more significant issues may exist. Further, a …
Because written representations are necessary audit evidence, the auditor’s opinion cannot be expressed, and the auditor’s report cannot be dated, before the date of the written representations. Furthermore, because the auditor is concerned with events …
… having regard to the requirement in paragraph 20 of this Auditing Standard. …
… For purposes of this Auditing Standard, references to “management” should be read …
ASA 450 requires the auditor to accumulate misstatements identified during the audit, other than those that are clearly trivial. [6] The auditor may determine a threshold above which misstatements cannot be regarded as clearly trivial. In the same way, …
If the auditor has concerns about the competence, integrity, ethical values or diligence of management, or about its commitment to or enforcement of these, the auditor shall determine the effect that such concerns may have on the reliability of …
See ASA 450 Evaluation of Misstatements Identified during the Audit , paragraph 5 . …