31386 paragraphs found
The auditor may consider whether the following circumstances increase the likelihood that management needs to engage an expert: [36] The specialised nature of the matter requiring estimation, for example, the accounting estimate may involve measurement of …
Understanding how the entity’s risk assessment process identifies and addresses risks relating to accounting estimates may assist the auditor in considering changes in: The requirements of the applicable financial reporting framework related to the …
Matters that the auditor may consider in obtaining an understanding of how management identified and addresses the susceptibility to misstatement due to management bias or fraud in making accounting estimates, include whether and, if so, how management: …
The entity’s information system relating to accounting estimates (Ref: Para. 13(h)(i) ) …
The significant classes of transactions, events and conditions within the scope of paragraph 13(h) are the same as the significant classes of transactions, events and conditions relating to accounting estimates and related disclosures that are subject to …
During the audit, the auditor may identify classes of transactions, events or conditions that give rise to the need for accounting estimates and related disclosures that management failed to identify. ASA 315 deals with circumstances where the auditor …
Management’s identification of the relevant methods, assumptions and sources of data (Ref: Para. 13(h)(ii)(a) ) …
If management has changed the method for making an accounting estimate, considerations may include whether the new method is, for example, more appropriate, is itself a response to changes in the environment or circumstances affecting the entity, or to …
If management has not changed the method for making an accounting estimate, considerations may include whether the continued use of the previous methods, assumptions and data is appropriate in view of the current environment or …