31386 paragraphs found
Automated tools or techniques may also be used to observe or inspect, in particular assets, for example through the use of remote observation tools (e.g., a …
Risk assessment procedures performed by auditors of public sector entities may also include observation and inspection of documents prepared by management for the legislature, for example documents related to mandatory performance …
Information from Other Sources (Ref: Para. 15) Why the Auditor Considers Information from Other Sources …
Information obtained from other sources may be relevant to the identification and assessment of the risks of material misstatement by providing information and insights about: The nature of the entity and its business risks, and what may have changed from …
Other relevant sources of information include: The auditor’s procedures regarding acceptance or continuance of the client relationship or the audit engagement in accordance with ASA 220, including the conclusions reached thereon. [25] Other engagements …
Information from the Auditor’s Previous Experience with the Entity and Previous Audits (Ref: Para. 16) Why information from previous audits is important to the current …
The auditor’s previous experience with the entity and from audit procedures performed in previous audits may provide the auditor with information that is relevant to the auditor’s determination of the nature and extent of risk assessment procedures, and …