24 paragraphs found
… For the purposes of this Auditing Standard, the following term has the meaning …
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 …
See ASA 230 Audit Documentation , paragraphs 8-11 and paragraph A6 . …
The auditor’s determination of materiality is a matter of professional judgement, and is affected by the auditor’s perception of the financial information needs of users of the financial report. In this context, it is reasonable for the auditor to assume …