31386 paragraphs found
The engagement team discussion that ASA 315 and ASA 240 require [8] shall include specific consideration of the susceptibility of the financial report to material misstatement due to fraud or error that could result from the entity’s related party …
The auditor shall enquire of management regarding: The identity of the entity’s related parties, including changes from the prior period; (Ref: Para. A11‑A14 ) The nature of the relationships between the entity and these related parties; and Whether …
The auditor shall enquire of management and others within the entity, and perform other risk assessment procedures considered appropriate, to obtain an understanding of the controls, if any, that management has established to: (Ref: Para. A15‑A20 ) …
Maintaining Alertness for Related Party Information When Reviewing Records or Documents …
During the audit, the auditor shall remain alert, when inspecting records or documents, for arrangements or other information that may indicate the existence of related party relationships or transactions that management has not previously identified or …
If the auditor identifies significant transactions outside the entity’s normal course of business when performing the audit procedures required by paragraph 15 of this Auditing Standard or through other audit procedures, the auditor shall enquire of …
The auditor shall share relevant information obtained about the entity’s related parties with the other members of the engagement team. (Ref: Para. A28 …
In meeting the ASA 315 requirement to identify and assess the risks of material misstatement, [9] the auditor shall identify and assess the risks of material misstatement associated with related party relationships and transactions and determine whether …
If the auditor identifies fraud risk factors (including circumstances relating to the existence of a related party with dominant influence) when performing the risk assessment procedures and related activities in connection with related parties, the …