The iterative nature of the auditor’s understanding and evaluation of the information system and communication, and control activities …

As explained in paragraph A49 , the auditor’s understanding of the entity and its environment, and the applicable financial reporting framework, may assist the auditor in developing initial expectations about the classes of transactions, account balances …

The auditor’s understanding of the information system includes understanding the policies that define flows of information relating to the entity’s significant classes of transactions, account balances, and disclosures, and other related aspects of the …

In obtaining an understanding of how information relating to significant classes of transactions, account balances and disclosures flows into, through, and out of the entity’s information system, the auditor may also identify controls in the control …

The auditor’s assessment of inherent risk may also influence the identification of controls in the control activities component. For example, the auditor’s identification of controls relating to significant risks may only be identifiable when the auditor …

The auditor’s identification and assessment of risks of material misstatement at the assertion level is influenced by both the auditor’s: Understanding of the entity’s policies for its information processing activities in the information system and …

Obtaining an understanding of the information system and communication (Ref: Para. 25)   Appendix 3 , Paragraphs 15–19, sets out further considerations relating to the information system and communication.   …

The information system, and related business processes, in less complex entities are likely to be less sophisticated than in larger entities, and are likely to involve a less complex IT environment; however, the role of the information system is just as …

Obtaining an understanding of the information system (Ref: Para. 25(a)) …

Included within the entity’s system of internal control are aspects that relate to the entity’s reporting objectives, including its financial reporting objectives, but may also include aspects that relate to its operations or compliance objectives, when …