42 paragraphs found
Matters relevant to the auditor’s evaluation of whether the expectation can be developed sufficiently precisely to identify a misstatement that, when aggregated with other misstatements, may cause the financial report to be materially misstated, include: …
The auditor’s determination of the amount of difference from the expectation that can be accepted without further investigation is influenced by materiality [7] and the consistency with the desired level of assurance, taking account of the possibility …
The results of such analytical procedures may identify a previously unrecognised risk of material misstatement. In such circumstances, ASA 315 requires the auditor to revise the auditor’s assessment of the risks of material misstatement and modify the …
The analytical procedures performed in accordance with paragraph 6 may be similar to those that would be used as risk assessment procedures. …
The need to perform other audit procedures may arise when, for example, management is unable to provide an explanation, or the explanation, together with the audit evidence obtained relevant to management’s response, is not considered adequate. …
See ASA 320 Materiality in Planning and Performing an Audit , paragraph A13. …