9 paragraphs found
… may allow the auditor to have more confidence in internal control and the reliability of audit evidence generated internally within the entity and thus, for example, allow …
… indicator of the existence of a significant deficiency in internal control. …
… of the risk of material misstatement takes account of internal control, the extent of substantive procedures may need to be increased when the results from tests of controls are unsatisfactory. However, increasing the extent …
… by the nature, size and complexity of the entity and its internal control, availability of information from the …
… class of transactions without consideration of the related controls, then the auditor may determine that substantive … On the other hand, if the assessed risk is lower because of internal controls, and the auditor intends to base the substantive …
… to use audit evidence about the operating effectiveness of controls obtained in previous audits, and, if so, the length … the following: The effectiveness of other elements of internal control, including the control environment, the entity’s monitoring of controls, and the entity’s risk assessment process; The …
… misstatement; and (ii) there are inherent limitations to internal control, including management override. …
… report. Effectiveness of management’s responses and controls to address the risks. Experience gained during … of the entity and its environment, including the entity’s internal control. …
… assessments and may indicate a significant deficiency in internal control. The auditor may become aware of …