31386 paragraphs found
ASA 200 explains that risks of material misstatement are assessed at the assertion level in order to determine the nature, timing and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence. [6] For the identified …
Risks of material misstatement identified and assessed by the auditor include both those due to error and those due to fraud. Although both are addressed by this ASA, the significance of fraud is such that further requirements and guidance are included in …
The auditor’s risk identification and assessment process is iterative and dynamic. The auditor’s understanding of the entity and its environment, the applicable financial reporting framework, and the entity’s system of internal control are interdependent …
ASA 330 requires the auditor to design and implement overall responses to address the assessed risks of material misstatement at the financial report level. [8] ASA 330 further explains that the auditor’s assessment of the risks of material misstatement …
ASA 200 states that some ASAs include scalability considerations which illustrate the application of the requirements to all entities regardless of whether their nature and circumstances are less complex or more complex. [10] This ASA is intended for …
See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards …