31386 paragraphs found
System of internal control – The system designed, implemented and maintained by those charged with governance, management and other personnel, to provide reasonable assurance about the achievement of an entity’s objectives with regard to reliability of …
See ASA 240, paragraph 28 and ASA 550, Related Parties , paragraph 18 . …
The auditor shall design and perform risk assessment procedures to obtain audit evidence that provides an appropriate basis for: (Ref: Para. A11–A18) The identification and assessment of risks of material misstatement, whether due to fraud or error, at …
The risk assessment procedures shall include the following: (Ref: Para. A19–A21) Enquiries of management and of other appropriate individuals within the entity, including individuals within the internal audit function (if the function exists). …
In obtaining audit evidence in accordance with paragraph 13 , the auditor shall consider information from: (Ref: Para. A37‒A38) The auditor’s procedures regarding acceptance or continuance of the client relationship or the audit engagement; and When …
When the auditor intends to use information obtained from the auditor’s previous experience with the entity and from audit procedures performed in previous audits, the auditor shall evaluate whether such information remains relevant and reliable as audit …
The engagement partner and other key engagement team members shall discuss the application of the applicable financial reporting framework and the susceptibility of the entity’s financial report to material misstatement. …