Limited Assurance Reasonable Assurance     R.     If deviations from controls upon which the assurance practitioner intends to rely are detected, the assurance practitioner shall make specific enquiries to understand these matters and their potential …

Limited Assurance Reasonable Assurance     Procedures Other than Tests of Controls R.     Irrespective of the assessed risks of material misstatement, the assurance practitioner shall design and perform tests of details or analytical procedures in …

Limited Assurance Reasonable Assurance     R.     The assurance practitioner shall consider whether external confirmation procedures are to be performed. (Ref: Para. A99 …

Limited Assurance Reasonable Assurance Analytical Procedures Performed in Response to Assessed Risks of Material Misstatement L.     If designing and performing analytical procedures, the assurance practitioner shall: (Ref: Para. A90(c) , A100–A102 ) …

Limited Assurance Reasonable Assurance L.     If analytical procedures identify fluctuations or relationships that are inconsistent with other relevant information or that differ significantly from expected quantities or ratios, the assurance practitioner …

Limited Assurance Reasonable Assurance Procedures Regarding Estimates L.     Based on the assessed risks of material misstatement, the assurance practitioner shall: (Ref: Para. A103–A104 ) Evaluate whether: The entity has appropriately applied the …

Limited Assurance Reasonable Assurance     R.     In responding to an assessed risk of material misstatement, the assurance practitioner shall undertake one or more of the following, taking account of the nature of estimates: (Ref: Para. A103 ) Test how …

For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …

Assertions means representations by management and those charged with governance, explicit or otherwise, that are embodied in the financial report, as used by the auditor to consider the different types of potential misstatements that may …

Business risk means a risk resulting from significant conditions, events, circumstances, actions or inactions that could adversely affect an entity’s ability to achieve its objectives and execute its strategies, or from the setting of inappropriate …