32 paragraphs found
… There are practical and legal limitations on the auditor’s ability to obtain audit evidence. For example: There is the possibility that …
… Appropriateness is the measure of the quality of audit evidence; that is, its relevance and its reliability in providing support for the conclusions on which the auditor’s opinion is based. The reliability of evidence is …
… Whether sufficient appropriate audit evidence has been obtained to reduce audit risk to an acceptably low level, and thereby enable …
… The Australian Auditing Standards contain objectives, requirements and … other explanatory material that are designed to support the auditor in obtaining reasonable assurance. The Australian … internal control. Obtain sufficient appropriate audit evidence about whether material misstatements exist, through …
… Audit risk is a function of the risks of material … and detection risk. The assessment of risks is based on audit procedures to obtain information necessary for that purpose and evidence obtained throughout the audit. The assessment of …
… As the basis for the auditor’s opinion, Australian Auditing Standards require the auditor to obtain reasonable … when the auditor has obtained sufficient appropriate audit evidence to reduce audit risk (that is, the risk that the …
… For a given level of audit risk, the acceptable level of detection risk bears an … example, the greater the risks of material misstatement the auditor believes exists, the less the detection risk that … be accepted and, accordingly, the more persuasive the audit evidence required by the auditor. …
… Professional judgement needs to be exercised throughout the audit. It also needs to be appropriately documented. In this regard, the auditor is required to prepare audit documentation … of the engagement or sufficient appropriate audit evidence. …
… To obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to reduce audit risk to an acceptably low level and …