193 paragraphs found
ASA 540 requires the auditor to obtain written representations from management and, where appropriate, those charged with governance whether they believe significant assumptions used in making accounting estimates are reasonable. [41] ASA 580 [42] …
See ASA 540, paragraph 22 . Paragraph 4 of ASA 580 Written Representations states that written representations from management do not provide sufficient appropriate audit evidence on their own about any of the matters with which they deal. If the auditor …
Paragraph A80 of ASA 540 provides examples of procedures that may be appropriate in the circumstances. …
Because of the uncertainties associated with the valuation of financial instruments, the potential effects on the financial report of any significant risks are likely to be of governance interest. The auditor may communicate the nature and consequences of …
In some cases, auditors may be required, [45] or may consider it appropriate, to communicate directly with regulators or prudential supervisors, in addition to those charged with governance, regarding matters relating to financial instruments. Such …
ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management establishes requirements and provides guidance on communicating deficiencies in internal control to management and communicating significant …
For example, ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report requires auditors to determine whether there is a responsibility to report identified or suspected non-compliance with laws and regulations to parties outside the …
The susceptibility to management bias, whether intentional or unintentional, increases with the subjectivity of the valuation and the degree of measurement uncertainty. For example, management may tend to ignore observable marketplace assumptions or data …