31386 paragraphs found
In identifying and assessing the risks of material misstatement, the auditor uses assertions to consider the different types of potential misstatements that may occur. Assertions for which the auditor has identified related risks of material misstatement …
In identifying and assessing the risks of material misstatement, the auditor may use the categories of assertions as described in paragraph A190(a)‒(b) below or may express them differently provided all aspects described below have been covered. The …
Assertions used by the auditor in considering the different types of potential misstatements that may occur may fall into the following categories: Assertions about classes of transactions and events, and related disclosures, for the period under audit: …
The assertions described in paragraph A190(a)‒(b) above, adapted as appropriate, may also be used by the auditor in considering the different types of misstatements that may occur in disclosures not directly related to recorded classes of transactions, …
When making assertions about the financial report of public sector entities, in addition to those assertions set out in paragraph A190(a)‒(b) , management may often assert that transactions and events have been carried out in accordance with law, …
Risks of Material Misstatement at the Financial Report Level (Ref: Para. 28(a) and 30) Why the Auditor Identifies and Assesses Risks of Material Misstatement at the Financial Report …
The auditor identifies risks of material misstatement at the financial report level to determine whether the risks have a pervasive effect on the financial report, and would therefore require an overall response in accordance with ASA 330. …
In addition, risks of material misstatement at the financial report level may also affect individual assertions, and identifying these risks may assist the auditor in assessing risks of material misstatement at the assertion level, and in designing …