54 paragraphs found
The documentation of the audit plan is a record of the planned nature, timing and extent of risk assessment procedures and further audit procedures at the assertion level in response to the assessed risks. It also serves as a record of the proper …
A record of the significant changes to the overall audit strategy and the audit plan, and resulting changes to the planned nature, timing and extent of audit procedures, explains why the significant changes were made, and the overall strategy and audit …
As discussed in paragraph A11 , a suitable, brief memorandum may serve as the documented strategy for the audit of a smaller entity. For the audit plan, standard audit programs or checklists (see paragraph A17 ) drawn up on the assumption of few relevant …
ASA 315, paragraph 10 , establishes requirements and provides guidance on the engagement team's discussion of the susceptibility of the entity to material misstatements of the financial report. ASA 240 The Auditor's Responsibilities Relating to Fraud in …
See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements . …
See ASA 260 Communication with Those Charged with Governance , paragraph A12 . …
The engagement partner and other key members of the engagement team shall be involved in planning the audit, including planning and participating in the discussion among engagement team members. …
The auditor shall undertake the following activities at the beginning of the current audit engagement: Performing procedures required by ASA 220 regarding the continuance of the client relationship and the specific audit engagement; [1] Evaluating …