31386 paragraphs found
Although corroboration of evidence obtained through enquiry is often of particular importance, in the case of enquiries about management intent, the information available to support management’s intent may be limited. In these cases, understanding …
In respect of some matters, the auditor may consider it necessary to obtain written representations from management and, where appropriate, those charged with governance to confirm responses to oral enquiries. See ASA 580 for further guidance. …
As noted in paragraph A5, while audit evidence is primarily obtained from audit procedures performed during the course of the audit, it may also include information obtained from other sources such as, for example, previous audits, in certain …
Relevance deals with the logical connection with, or bearing upon, the purpose of the audit procedure and, where appropriate, the assertion under consideration. The relevance of information to be used as audit evidence may be affected by the direction of …
A given set of audit procedures may provide audit evidence that is relevant to certain assertions, but not others. For example, inspection of documents related to the collection of receivables after the period end may provide audit evidence regarding …
Tests of controls are designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion level. Designing tests of controls to obtain relevant audit evidence includes …
If the group engagement team does not consider that sufficient appropriate audit evidence on which to base the group audit opinion will be obtained from: the work performed on the financial information of significant components; the work performed on …
Involvement in the Work Performed by Component Auditors (Ref: Para. A54‑A55) Significant Components—Risk Assessment …