31386 paragraphs found
In this context, it is reasonable for the assurance practitioner to assume that intended users: Have a reasonable knowledge of water accounting and reporting, and a willingness to study the information in the general purpose water accounting report with …
Intended users and their information needs may include, for example: [ 28] State and Territory government agencies, whose information needs may relate to policy development. Urban and rural water utilities, whose information needs may relate to the …
The Water Accounting Conceptual Framework the Preparation and Presentation of General Purpose Water Accounting Reports …
While judgements about materiality are made in light of surrounding circumstances, and are affected by both quantitative and qualitative factors, it should be noted, that decisions regarding materiality are not affected by the level of assurance, that is, …
Quantitative factors may involve: Applying a percentage to a chosen benchmark as a starting point in determining materiality. Factors that may affect the identification of an appropriate benchmark and percentage include: The elements of the general …
Qualitative factors may include: The types of water assets and water liabilities involved. The context in which the information in the general purpose water accounting report will be used (for example, for submission to a regulator or policy maker, or for …
Materiality may need to be revised as a result of a change in circumstances during the engagement (for example, unusually dry or wet climatic conditions that significantly impact water assets or water liabilities, disruption to operations resulting from …
The assurance practitioner uses professional judgement to determine the extent of the understanding and the nature, timing and extent of procedures to identify and assess risks of material misstatement that are required to obtain reasonable or limited …
The depth of the understanding that is required by the assurance practitioner is less than that possessed by the responsible party, and both the depth of the understanding and the nature, timing and extent of procedures to identify and assess risks of …