31386 paragraphs found
When information from an external information source is used as audit evidence, a relevant consideration for the auditor may be whether information can be obtained, or whether the information is sufficiently detailed, to understand the methods, …
Assumptions relating to accounting estimates that are made or identified by a management’s expert become management’s assumptions when used by management in making an accounting estimate. Accordingly, the auditor applies the relevant requirements in this …
If the work of a management’s expert involves the use of methods or sources of data relating to accounting estimates, or developing or providing findings or conclusions relating to a point estimate or related disclosures for inclusion in the financial …
ASA 402 [60] deals with the auditor’s understanding of the services provided by a service organisation, including internal control, as well as the auditor’s responses to assessed risks of material misstatement. When the entity uses the services of a …
Management bias may be difficult to detect at an account level and may only be identified by the auditor when considering groups of accounting estimates, all accounting estimates in aggregate, or when observed over a number of accounting periods. For …
Examples of indicators of possible management bias with respect to accounting estimates include: Changes in an accounting estimate, or the method for making it, when management has made a subjective assessment that there has been a change in …
Indicators of possible management bias may affect the auditor’s conclusion as to whether the auditor’s risk assessment and related responses remain appropriate. The auditor may also need to consider the implications for other aspects of the audit, …