31386 paragraphs found
In addition to the significance of a particular matter, the form of communication (e.g., whether to communicate orally or in writing, the extent of detail or summarisation in the communication, and whether to communicate in a structured or unstructured …
When a significant matter is discussed with an individual member of those charged with governance, for example, the chair of an audit committee, it may be appropriate for the auditor to summarise the matter in later communications so that all of those …
Timely communication throughout the audit contributes to the achievement of robust two‑way dialogue between those charged with governance and the auditor. However, the appropriate timing for communications will vary with the circumstances of the …
Other factors that may be relevant to the timing of communications include: The size, operating structure, control environment, and legal structure of the entity being audited. Any legal obligation to communicate certain matters within a specified …
The auditor need not design specific procedures to support the evaluation of the two‑way communication between the auditor and those charged with governance; rather, that evaluation may be based on observations resulting from audit procedures performed …
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
As noted in paragraph 4 , effective two‑way communication assists both the auditor and those charged with governance. Further, ASA 315 identifies participation by those charged with governance, including their interaction with internal audit, if any, and …
If the two‑way communication between the auditor and those charged with governance is not adequate and the situation cannot be resolved, the auditor may take such actions as: Modifying the auditor’s opinion on the basis of a scope limitation. Obtaining …