31386 paragraphs found
Use of a Management's Expert by the Responsible Party (Ref: Para. 28(e)) …
When the responsible party uses a management's expert because expertise in a field other than water accounting is needed to prepare the general purpose water accounting report, the risks of material misstatement may increase because this may indicate …
Significant events that impact the information inc1uded in the general purpose water accounting report may include unexpected events such as damage to critical infrastructure or unseasonal flooding, or planned events, for example, as part of a maintenance …
The quantification process for water assets and water liabilities can rarely be 100% accurate due to: Scientific uncertainty: This arises because of incomplete scientific knowledge about the measurement of water volumes. For example, the quantification …
The fact that quantifying water assets, water liabilities and changes in water assets and water liabilities is subject to uncertainty does not mean that water assets and water liabilities are inappropriate as a subject matter. As long as the assumptions …
A discussion in the notes to the general purpose water accounting report of the nature, causes, and effects of the uncertainties that affect the general purpose water accounting report alerts intended users to the uncertainties associated with the …
Certain disclosures in a general purpose water accounting report may be subject to greater uncertainty, such as future prospects of the water report entity, contingent water assets, contingent water liabilities and unaccounted-for differences. …
Because uncertainty is a significant characteristic of all general purpose water accounting reports, paragraph 103(f) requires it to be mentioned in the assurance report regardless of what, if any, disclosures are included in the explanatory notes to the …