23 paragraphs found
The auditor may consider testing the operating effectiveness of controls, if any, over the entity’s preparation of information used by the auditor in performing substantive analytical procedures in response to assessed risks. When such controls are …
Particular substantive analytical procedures may also be considered suitable when tests of details are performed on the same assertion. For example, when obtaining audit evidence regarding the valuation assertion for accounts receivable balances, the …
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 conclusions drawn from the results of analytical procedures designed and performed in accordance with paragraph 6 are intended to corroborate conclusions formed during the audit of individual components or elements of the financial report. This …
… Early adoption, in conjunction with ASA 540 Auditing Accounting Estimates and Related Disclosures, …
See ASA 320 Materiality in Planning and Performing an Audit , paragraph A13. …
The auditor shall design and perform analytical procedures near the end of the audit that assist the auditor when forming an overall conclusion as to whether the financial report is consistent with the auditor’s understanding of the entity. (Ref: Para …
… For purposes of the Australian Auditing Standards, the term “ analytical procedures ” means …
Different types of analytical procedures provide different levels of assurance. Analytical procedures involving, for example, the prediction of total rental income on a building divided into apartments, taking the rental rates, the number of apartments …