44 paragraphs found
As discussed in paragraph A11 , a suitable, brief memorandum may serve as the documented strategy for the audit of a smaller entity. For the audit plan, standard audit programs or checklists (see paragraph A17 ) drawn up on the assumption of few controls …
Determining the nature, timing and extent of planned risk assessment procedures, and the further audit procedures, as they relate to disclosures is important in light of both the wide range of information and the level of detail that may be encompassed in …
… out so that the engagement complies with the Australian Auditing Standards. (Ref: Para. A14‑A16) …
The nature and extent of planning activities will vary according to the size and complexity of the entity, the key engagement team members’ previous experience with the entity, and changes in circumstances that occur during the audit engagement. In …
… audit or review conducted in accordance with the Australian Auditing Standards. …
Consideration of disclosures early in the audit assists the auditor in giving appropriate attention to, and planning adequate time for, addressing disclosures in the same way as classes of transactions, events and account balances. Early consideration …
The auditor shall undertake the following activities prior to starting an initial audit: Performing procedures required by ASA 220 regarding the acceptance of client relationships and audit engagements; [9] and Communicating with the predecessor …
Appendix 1 lists examples of considerations in establishing the overall audit strategy. …
ASA 220 deals with the specific responsibilities of the auditor regarding quality management at the engagement level for an audit of financial reports, and the related responsibilities of the engagement partner. Information obtained from complying with …
The involvement of the engagement partner and other key members of the engagement team in planning the audit draws on their experience and insight, thereby enhancing the effectiveness and efficiency of the planning process. …