31386 paragraphs found
The assurance practitioner shall obtain an understanding of the entity and its environment, and the applicable financial reporting framework, to identify areas in the financial statements where material misstatements are likely to arise and thereby …
The assurance practitioner’s understanding shall include the following: (Ref: Para. A78 , A87 , A90 ) Relevant industry, regulatory, and other external factors including the applicable financial reporting framework; The nature of the entity, including: …
Internal control as it relates to the preparation of the financial statements. …
In obtaining sufficient appropriate evidence as the basis for a conclusion on the financial statements as a whole, the assurance practitioner shall design and perform enquiry and analytical procedures: (Ref: Para. A79–A83 , A87 , A90 ) To address all …
The assurance practitioner’s enquiries of management and others within the entity, as appropriate, shall include the following: (Ref: Para. A84–A88 ) How management makes the significant accounting estimates required under the applicable financial …
In designing analytical procedures, the assurance practitioner shall consider whether the data from the entity’s accounting system and accounting records are adequate for the purpose of performing the analytical procedures. (Ref: Para. A90–A92 …
During the review, the assurance practitioner shall remain alert for arrangements or information that may indicate the existence of related party relationships or transactions that management has not previously identified or disclosed to the assurance …