295 paragraphs found
Revision of the assurance engagement strategy or plan in order to perform additional procedures may be necessary if: The nature of the misstatements or breaches and the circumstances of their occurrence indicate that other misstatements or breaches exist, …
Once the additional procedures have been conducted, ASAE 3410 requires the assurance practitioner to request that the identified misstatements are corrected by the responsible party. [118] This will be possible if the report or application has not yet …
The assurance practitioner evaluates the effect of the remaining misstatements or breaches, to determine whether they are material individually or in aggregate. Materiality, determined in planning the engagement, may need to be reassessed if the …
Compliance breaches which may impact the assurance conclusion include: For engagements initiated by the Regulator under the NGER and CFI Acts: material breaches of the compliance matters under the NGER or CFI Act identified in the scope of the engagement. …
In assessing the significance of deficiencies identified the assurance practitioner may use ASA 265 [123] as useful guidance. …
Where the Regulator is the engaging party, such as engagements under section 73 and section 74 of the NGER Act or section 214 and section 215 of the CFI Act, control deficiencies are communicated by the assurance practitioner to the responsible party in …
Deficiencies in controls do not affect the conclusion in the assurance report unless: The subject matter of the engagement includes the description, design or operating effectiveness of those controls; or Reliance on the operating effectiveness of those …
ASAE 3000 and ASAE 3100 require the assurance practitioner to obtain written representations from the responsible party, which may include: Confirmation of oral representations; Confirmation that the responsible party has provided the assurance …
Although the NGER Audit Determination requires the assurance practitioner to amend the plan if the procedures deviate from what was originally planned, [62] this does not mean that the assurance practitioner has the discretion to alter the procedures …
Appendix 5, Example 1 provides an example report of factual findings which meets the requirements of both ASRS 4400 and the NGER Audit …