117 paragraphs found
… ASA 570 [27] for further discussion. Relevant Australian Auditing Standards identify specific audit procedures to …
Risk of material misstatement means the risk that the financial report is materially misstated prior to audit. This consists of two components, described as follows at the assertion level: Inherent risk means the susceptibility of an assertion about a …
See, for example, ASA 260 Communication with Those Charged with Governance and paragraph 43 of ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report …
… some control risk will always exist. The Australian Auditing Standards provide the conditions under which the …
… See ASA 540 Auditing Accounting Estimates and Related Disclosures , and …
For purposes of specifying additional considerations to audits of smaller entities, a “smaller entity” refers to an entity which typically possesses qualitative characteristics such as: Concentration of ownership and management in a small number of …
See ASA 330 ; ASA 500 ; ASA 520 Analytical Procedures ; and ASA 530 Audit Sampling . …