31386 paragraphs found
In addition, in applying ASA 240, the auditor is required to evaluate whether management’s judgements and decisions in making the accounting estimates included in the financial report indicate a possible bias that may represent a material misstatement due …
As the auditor performs planned audit procedures, the audit evidence obtained may cause the auditor to modify the nature, timing or extent of other planned audit procedures. [63] In relation to accounting estimates, information may come to the auditor’s …
With respect to accounting estimates that have not been recognised, a particular focus of the auditor’s evaluation may be on whether the recognition criteria of the applicable financial reporting framework have in fact been met. When an accounting …
Determining Whether the Accounting Estimates are Reasonable or Misstated (Ref: Para. 9 , 35 ) …
In determining whether, based on the audit procedures performed and evidence obtained, management’s point estimate and related disclosures are reasonable, or are misstated: When the audit evidence supports a range, the size of the range may be wide and, …
Paragraphs A110–A114 provide guidance to assist the auditor in evaluating management’s selection of a point estimate and related disclosures to be included in the financial …
If the auditor determines that the work of the auditor’s expert is not adequate for the auditor’s purposes, the auditor shall: (Ref: Para. A40 ) Agree with that expert on the nature and extent of further work to be performed by that expert; or Perform …
The auditor shall not refer to the work of an auditor’s expert in an auditor’s report containing an unmodified opinion unless required by law or regulation to do so. If such reference is required by law or regulation, the auditor shall indicate in the …
If the auditor makes reference to the work of an auditor’s expert in the auditor’s report because such reference is relevant to an understanding of a modification to the auditor’s opinion, the auditor shall indicate in the auditor’s report that such …