31386 paragraphs found
Summary of the Assurance Practitioner's Procedures (Ref: Para. I03(j)(ii) and.\7) …
The assurance report in a reasonable assurance engagement often follows a standard wording and only briefly describes procedures performed. This is because, in a reasonable assurance engagement, describing in any level of detail the specific procedures …
In a limited assurance engagement, an appreciation of the nature, timing and extent of procedures performed is essential for the intended users to understand the conclusion expressed in a limited assurance report. The description of the assurance …
In describing the procedures performed in the limited assurance report it is important that they are written in an objective way but are not summarised to the extent that they are ambiguous, nor written in a way that is overstated or embellished or that …
The assurance practitioner's conclusion may be unmodified or modified. …
The assurance practitioner expresses an unmodified conclusion when the assurance practitioner concludes : In the case of a reasonable assurance engagement, that the general purpose water accounting report is presented fairly in all material respects in …
The assurance practitioner modifies the conclusion when the following circumstances exist and, in the assurance practitioner's professional judgement, the effect of the matter is or may be material: The assurance practitioner concludes, based on the …
There are three types of modified assurance conclusions: a qualified conclusion; an adverse conclusion; and a disclaimer of conclusion. …
The decision regarding which type of modified conclusion is appropriate depends upon: The nature of the matter giving rise to the modification, that is, whether the general purpose water accounting report is materially misstated, or in the case of a scope …