193 paragraphs found
Assumptions may be made or identified by a management’s expert to assist management in valuing its financial instruments. Such assumptions, when used by management, become management’s assumptions that the auditor needs to consider in the same manner as …
An auditor may develop a valuation technique and adjust the inputs and assumptions used in the valuation technique to develop a range for use in evaluating the reasonableness of management’s valuation. Paragraphs 106 to 135 of this Guidance Statement may …
In some cases, the auditor may conclude that sufficient evidence cannot be obtained from the auditor’s attempts to obtain an understanding of management’s assumptions or methodology, for example when a third-party pricing source uses internally developed …
See ASA 705 Modifications to the Opinion in the Independent Auditor’s Report . …
In relation to the presentation and disclosures of financial instruments, areas of particular importance include: Financial reporting frameworks generally require additional disclosures regarding estimates, and related risks and uncertainties, to …
ASA 540, paragraph 20 , requires the auditor to perform further procedures on disclosures relating to accounting estimates that give rise to significant risks to evaluate the adequacy of the disclosure of their estimation uncertainty in the financial …