71 paragraphs found
Audit documentation serves a number of additional purposes, including the following: Assisting the engagement team to plan and perform the audit. Assisting members of the engagement team responsible for supervision to direct and supervise the audit …
See ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information , paragraphs 15-17 . …
See ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements , paragraphs 32-33 , 35-38 and 48 …
This objective of the auditor is to prepare documentation that provides: A sufficient and appropriate record of the basis for the auditor’s report; and Evidence that the audit was planned and performed in accordance with Australian Auditing Standards …
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
An important factor in determining the form, content and extent of audit documentation of significant matters is the extent of professional judgement exercised in performing the work and evaluating the results. Documentation of the professional …
Some examples of circumstances in which, in accordance with paragraph 8, it is appropriate to prepare audit documentation relating to the use of professional judgement include, where the matters and judgements are significant: The rationale for the …
The auditor may consider it helpful to prepare and retain as part of the audit documentation a summary (sometimes known as a completion memorandum) that describes the significant matters identified during the audit and how they were addressed, or that …