31386 paragraphs found
Substantive procedure means an audit procedure designed to detect material misstatements at the assertion level. Substantive procedures comprise: Tests of details (of classes of transactions, account balances, and disclosures); and Substantive analytical …
Test of controls means an audit procedure designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion …
Download example Procedures that may be Performed in a Review Engagement. …
Overall responses to address the assessed risks of material misstatement at the financial report level may include: Emphasising to the audit team the need to maintain professional scepticism. Assigning more experienced staff or those with special skills …
Limited Assurance Reasonable Assurance L. The assurance practitioner shall determine whether the system has been described as designed and, if included in the scope of the engagement, as implemented, at a minimum through making enquiries. If the …