31386 paragraphs found
When using information produced by the entity, ASA 500 requires the auditor to evaluate whether the information is sufficiently reliable for the auditor’s purposes, including as necessary in the circumstances, to obtain audit evidence about the accuracy …
Procedures that the auditor may consider when the accounting estimate is based on complex legal or contractual terms include: Considering whether specialised skills or knowledge are needed to understand or interpret the contract; Enquiring of the entity’s …
Management’s Selection of a Point Estimate and Related Disclosures about Estimation Uncertainty Management’s steps to understand and address estimation uncertainty (Ref: Para. 26(a) …
Relevant considerations regarding whether management has taken appropriate steps to understand and address estimation uncertainty may include whether management has: Understood the estimation uncertainty, through identifying the sources, and assessing the …
The selection of management’s point estimate and related disclosures of estimation uncertainty (Ref: Para. 26(b) ) …
Matters that may be relevant regarding the selection of management’s point estimate and the development of related disclosures about estimation uncertainty include whether: The methods and data used were selected appropriately, including when alternative …
Relevant considerations for the auditor regarding the appropriateness of management’s point estimate, may include: When the requirements of the applicable financial reporting framework prescribe the point estimate that is to be used after consideration of …
Relevant considerations for the auditor regarding management’s disclosures about estimation uncertainty include the requirements of the applicable financial reporting framework, which may require disclosures: That describe the amount as an estimate and …