In considering the reasonableness of assumptions, the assurance practitioner may enquire of, and discuss with, management the following: The nature of the assumptions, including which assumptions are likely to be significant assumptions. How management …

 Even where the disclosures about the future prospects of the water report entity are in accordance with AWAS 1, if they involve significant risk, the assurance practitioner may  conclude that the disclosures are inadequate in the light of the …

Procedures Related to Unaccounted-for Differences (Ref: Para. 52) …

AWAS 1 requires information to be disclosed in the notes to the general purpose water accounting report that is relevant to an understanding of the water assets and water liabilities of the water report entity and the management of those water assets and …

In considering the reasonableness of an unaccounted-for difference in the general purpose water accounting report, if any, the assurance practitioner may enquire of, and discuss with, management the following: The possible causes of the unaccounted-for …

Information Prepared Using the Work of a Management's Expert (Ref: Para. 53) …

The responsible party may use the work of a management's expert to assist them in preparing the general purpose water accounting report. For example, expertise may be required to estimate or calculate the volumes of certain water assets, water liabilities …

The nature, timing and extent of further procedures relating to information prepared using the work of a management's expert may be affected by such matters as: The nature and complexity of the matter to which the information relates. The risks of …

Competence relates to the nature and level of expertise of the management's expert. Capability relates to the ability of the management's expert to exercise competence in the circumstances. Objectivity relates to the possible effects of bias, conflict of …

In obtaining an understanding of the work of the management's expert, the assurance practitioner may consider: The relevant field of expertise and any areas of speciality within that field that are relevant to the assurance engagement. Whether any …