31386 paragraphs found
The auditor shall determine which of the matters determined in accordance with paragraph 9 of this Auditing Standard were of most significance in the audit of the financial report of the current period and therefore are the key audit matters. …
The auditor shall describe each key audit matter, using an appropriate subheading, in a separate section of the auditor’s report under the heading “Key Audit Matters,” unless the circumstances in paragraphs 14 or 15 of this Auditing Standard apply. The …
Key Audit Matters Not a Substitute for Expressing a Modified Opinion …
The Entity’s Business Model Appendix 1 sets out additional considerations for obtaining an understanding of the entity and its business model, as well as additional considerations for auditing special purpose entities. Why the auditor obtains an …
The auditor shall not communicate a matter in the Key Audit Matters section of the auditor’s report when the auditor would be required to modify the opinion in accordance with ASA 705 as a result of the matter. (Ref: Para. A5 …
The description of each key audit matter in the Key Audit Matters section of the auditor’s report shall include a reference to the related disclosure(s), if any, in the financial report and shall address: (Ref: Para. A34–A41 ) Why the matter was …
Circumstances in Which a Matter Determined to Be a Key Audit Matter Is Not Communicated in the Auditor’s Report …
The auditor shall describe each key audit matter in the auditor’s report unless: (Ref: Para. A53–A56 ) Law or regulation precludes public disclosure about the matter; or (Ref: Para. A52 ) In extremely rare circumstances, the auditor determines that the …
Interaction between Descriptions of Key Audit Matters and Other Elements Required to Be Included in the Auditor’s Report …