51 paragraphs found
… or outside the firm, with relevant technical accounting or auditing expertise and experience, taking into account …
Management may make use of a third-party pricing source, such as a pricing service or broker, in valuing the entity’s financial instruments. Understanding how management uses the information and how the pricing service operates assists the auditor in …
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 …
An expectation that controls are operating effectively may be more common when dealing with a financial institution with well-established controls, and therefore controls testing may be an effective means of obtaining audit evidence. When an entity has a …
ASA 315 establishes requirements for the auditor to understand the entity and its environment, including its internal control. Obtaining an understanding of the entity and its environment, including the entity’s internal control, is a continuous, dynamic …
See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements . …
See ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report for requirements and guidance dealing with fraud risk …
See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Accounting Standards , paragraph 15 …