170 paragraphs found
As the mandates, objectives, users and reporting frameworks differ for each distinct subject matter, so the detailed work plans will differ. It is only at the engagement planning stage where the auditor finalises the engagement strategy and detailed …
Using assurance procedures for multiple purposes can be achieved by appropriate planning, such as: Arranging the scope of procedures in areas that are common to the overall engagement generally and using the evidence for multiple purposes; For example: …
Where the auditor decides to adopt a concurrent approach to meet differing engagement objectives, care is taken with, in particular: Utilising materiality levels that are appropriate for each objective where work is performed simultaneously; For example: …
When deciding on additional work to cover a period that extends beyond the work already performed, the auditor ordinarily considers matters such as: Whether the objectives and procedures already performed are appropriate for the additional work; Any …
Whenever the auditor seeks efficiencies through using work from other engagements, it is essential that the auditor determines that the work performed and the evaluation of that work is sufficient and appropriate to meet the objectives of the SSAG and/or …
Whenever leveraging work effort is achieved, the auditor determines that the engagement files contain appropriate documentation to support the conclusions on the SSGA and/or each distinct section of the MSE. It is not appropriate to assume that because …
Cross referencing between files, or within the same file, may be appropriate but each file, or part of a file, should provide the requisite documentation to support the relevant conclusion. Cross-referencing or copying working papers contained in one …
This particular focus is because the auditor may have little or no knowledge of the entity or its environment, nor will the auditor have undertaken a (recent) risk assessment, all of which are required in an audit undertaken in accordance with the AUASB …
The following points are intended as a prompt of some of the more important considerations that an auditor, who is not the auditor of the entity’s annual financial report, may consider: Firm Capabilities The partner’s and team members’ knowledge and …
The most effective approach auditors can adopt to address practical application issues regarding a SSGA and a MSE, is comprehensive planning through: Considering separately the engagement mandates, user needs and objectives for each of the different …