31386 paragraphs found
In planning the audit, the auditor makes judgements about misstatements that will be considered material. These judgements provide a basis for: Determining the nature, timing and extent of risk assessment procedures; Identifying and assessing the risks of …
See ASA 450 Evaluation of Misstatements Identified during the Audit . …
See, for example, the AASB’s Framework for the Preparation and Presentation of Financial Statements (July 2004) . …
This Auditing Standard applies to: an audit of a financial report for a financial year, or an audit or a review of a financial report for a half-year, in accordance with the Corporations Act 2001 ; and an audit of a financial report, or a complete set of …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement , paragraphs A191‑A192 . …
The objective of the auditor is to apply the concept of materiality appropriately in planning and performing the audit. …
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: Performance materiality means the amount or amounts set by the auditor at less than materiality for the financial report as a whole to reduce aggregation …
When establishing the overall audit strategy, the auditor shall determine materiality for the financial report as a whole. If, in the specific circumstances of the entity, there is one or more particular classes of transactions, account balances or …