In manual general ledger systems, non-standard journal entries may be identified through inspection of ledgers, journals, and supporting documentation. When automated procedures are used to maintain the general ledger and prepare financial reports, such …

Controls for which the auditor plans to test the operating effectiveness (Ref: Para. 26(a)(iii)) …

The auditor determines whether there are any risks of material misstatement at the assertion level for which it is not possible to obtain sufficient appropriate audit evidence through substantive procedures alone. The auditor is required, in accordance …

In other cases, when the auditor plans to take into account the operating effectiveness of controls in determining the nature, timing and extent of substantive procedures in accordance with ASA 330, such controls are also required to be identified because …

The auditor’s plans to test the operating effectiveness of controls may also be influenced by the identified risks of material misstatement at the financial report level. For example, if deficiencies are identified related to the control environment, this …

Other controls that the auditor considers appropriate (Ref: Para. 26(a)(iv)) …

Other controls that the auditor may consider are appropriate to identify, and evaluate the design and determine the implementation, may include: Controls that address risks assessed as higher on the spectrum of inherent risk but have not been determined …

Identifying IT applications and other aspects of the IT environment, risks arising from the use of IT and general IT controls (Ref: Para. 26(b)‒(c)) Appendix 5 includes example characteristics of IT applications and other aspects of the IT environment, …

Understanding the risks arising from the use of IT and the general IT controls implemented by the entity to address those risks may affect: The auditor’s decision about whether to test the operating effectiveness of controls to address risks of material …

Identifying IT applications that are subject to risks arising from the use of IT …