31386 paragraphs found
The system of quality management and policies or procedures are the responsibility of the firm. ASQM 1 applies to firms in respect of a firm’s engagements to review financial statements. [3] The provisions of this ASRE regarding quality management at the …
The review of historical financial statements is a limited assurance engagement, as described in the Framework for Assurance Engagements (the Assurance Framework). [4] …
In a review of financial statements, the assurance practitioner expresses a conclusion that is designed to enhance the degree of confidence of intended users regarding the preparation of an entity’s financial statements in accordance with an applicable …
The assurance practitioner performs primarily enquiry and analytical procedures to obtain sufficient appropriate evidence as the basis for a conclusion on the financial statements as a whole, expressed in accordance with the requirements of this …
If the assurance practitioner becomes aware of a matter that causes the assurance practitioner to believe the financial statements may be materially misstated, the assurance practitioner designs and performs additional procedures, as the assurance …
This ASRE contains the objectives of the assurance practitioner in following the ASRE which provide the context in which the requirements of this ASRE are set, and are intended to assist the assurance practitioner in understanding what needs to be …
The ASRE contains requirements, expressed using “shall,” that are designed to enable the assurance practitioner to meet the stated …
In addition, this ASRE contains introductory material, definitions, and application and other explanatory material, that provide context relevant to a proper understanding of the …
The application and other explanatory material provides further explanation of the requirements and guidance for carrying them out. While such guidance does not itself impose a requirement, it is relevant to the proper application of the requirements. The …