19 paragraphs found
… not plan to test the operating effectiveness of identified controls, the auditor’s understanding may still assist in the design of the nature, timing and extent of substantive audit procedures that are responsive to the …
… risk assessment may be based on an expectation that certain controls are operating effectively. In performing tests of … relevant times during the audit. Similarly, in performing substantive procedures the auditor may detect misstatements … appropriately reflect the true circumstances of the entity and the further planned audit procedures may not be …
… plans to take into account the operating effectiveness of controls in determining the nature, timing and extent of substantive procedures in accordance with ASA 330, such …
… Understanding the risks arising from the use of IT and the general IT controls implemented by the entity to address those risks … use of IT may need to be addressed through the design of substantive procedures. However, the risks arising from the …
… the auditor plans to test the operating effectiveness of controls that address significant risks, the understanding obtained about management’s approach to addressing … risks may provide a basis for the design and performance of substantive procedures responsive to significant risks as …
… Para. A237–A241) The discussion among the engagement team and the significant decisions reached; Key elements of the … performed; The evaluation of the design of identified controls, and determination whether such controls have been … level, including significant risks and risks for which substantive procedures alone cannot provide sufficient …
… in obtaining audit evidence from risk assessment procedures and further audit procedures. The nature, timing and extent … at certain points in time. [22] The auditor may perform substantive procedures or tests of controls, in accordance with ASA 330 , concurrently with …
… The auditor shall obtain an understanding of the control activities component, through … in determining the nature, timing and extent of substantive testing, which shall include controls that …
… the performance of certain required responses, including: Controls that address significant risks are required to be … evaluate whether the control has been designed effectively and implemented in accordance with paragraph 26(d). ASA 330 … rely on the operating effectiveness of such controls) and substantive procedures to be planned and performed that are …