31386 paragraphs found
An external confirmation represents audit evidence obtained by the auditor as a direct written response to the auditor from a third party (the confirming party), in paper form, or by electronic or other medium. External confirmation procedures frequently …
Re‑calculation consists of checking the mathematical accuracy of documents or records. Re‑calculation may be performed manually or …
Re‑performance involves the auditor’s independent execution of procedures or controls that were originally performed as part of the entity’s internal …
Analytical procedures consist of evaluations of financial information through analysis of plausible relationships among both financial and non‑financial data. Analytical procedures also encompass such investigation as is necessary of identified …
Enquiry consists of seeking information of knowledgeable persons, both financial and non‑financial, within the entity or outside the entity. Enquiry is used extensively throughout the audit in addition to other audit procedures. Enquiries may range from …
Responses to enquiries may provide the auditor with information not previously possessed or with corroborative audit evidence. Alternatively, responses might provide information that differs significantly from other information that the auditor has …