31386 paragraphs found
In some cases, however, the assurance practitioner may decide that it is inappropriate to undertake an assurance engagement if the impact of uncertainty on information in the general purpose water accounting report is very high. This may be …
Procedures to Obtain an Understanding and to Identify and Assess Risks of Material Misstatement (Ref: Para. 29) …
Although the assurance practitioner is required to perform all the procedures in paragraph 29 in the course of obtaining the required understanding of the water report entity, the assurance practitioner is not required to perform all of them for each …
Analytical procedures performed to obtain an understanding of the water report entity and its circumstances and to identify and assess risks of material misstatement may identify aspects of the water report entity of which the assurance practitioner was …
Analytical procedures may help identify the existence of unusual events and amounts, ratios, and trends that might indicate matters that have implications for the engagement. Unusual or unexpected relationships that are identified may assist the assurance …
However, when such analytical procedures use data aggregated at a high level (which may be the situation with analytical procedures performed to obtain an understanding of the water report entity and its circumstances and to identify and assess risks of …
Observation consists of looking at a process or procedure, or control activities, being performed by others. Observation provides evidence about the performance of a process or procedure, or control activity, but is limited to the point in time at which …
Inspection invokes: Examining records or documents, whether internal or external, in paper form, electronic form, or other media, for example calibration records of a monitoring device. Inspection of records and documents provides evidence of varying …