25 paragraphs found
… with the auditor’s responsibility to apply the concept of materiality in planning and performing an audit of a financial report. ASA 450 [1] explains how materiality is applied in evaluating the effect of …
Identifying and assessing the risks of material misstatement involves the use of professional judgement to identify those classes of transactions, account balances and disclosures, including qualitative disclosures, the misstatement of which could be …
… the risks of material misstatement and detection risk. [8] Materiality and audit risk are considered throughout the …
… The auditor shall revise materiality for the financial report as a whole (and, if applicable, the materiality level or levels for particular classes of …
… other than economic decisions. The determination of materiality for the financial report as a whole (and, if applicable, materiality level or levels for particular classes of …
… The objective of the auditor is to apply the concept of materiality appropriately in planning and performing the …
… The auditor’s determination of materiality is a matter of professional judgement, and is … report is prepared, presented and audited to levels of materiality; Recognise the uncertainties inherent in the …
… entity operates. For example, when, as a starting point, materiality for the financial report as a whole is … in such profit may lead the auditor to conclude that materiality for the financial report as a whole is more …
… and the factors considered in their determination: [5] Materiality for the financial report as a whole (see … paragraph 10 of this Auditing Standard); If applicable, the materiality level or levels for particular classes of … (see paragraph 10 of this Auditing Standard); Performance materiality (see paragraph 11 of this Auditing Standard); …
… Determining materiality involves the exercise of professional judgement. … to a chosen benchmark as a starting point in determining materiality for the financial report as a whole. Factors …