107 paragraphs found
See ASA 220 Quality Control for an Audit of a Financial Report , paragraphs 14 and 15 . …
See ASA 300 Planning an Audit of a Financial Report , paragraphs 7-12 . …
The group engagement partner shall agree on the terms of the group audit engagement in accordance with ASA 210. [5] (Ref: Para. A20‑A21) …
The group engagement team’s assessment at group level of the risks of material misstatement of the group financial report is based on information such as the following: Information obtained from the understanding of the group, its components, and their …
A review of the financial information of a component may be performed in accordance with ASRE 2410. [22] , [23] The group engagement team may also specify additional audit procedures to supplement this …
See ASA 320 Materiality in Planning and Performing an Audit , paragraphs 10-11 . …
… in addition to those required by ASA 260 [12] and other Auditing Standards: (Ref: Para. A66) An overview of the …
The terms of engagement identify the applicable financial reporting framework. [16] Additional matters may be included in the terms of a group audit engagement, such as the fact that: The communication between the group engagement team and the …
Appendix 1 contains an example of an auditor’s report containing a qualified opinion based on the group engagement team’s inability to obtain sufficient appropriate audit evidence in relation to a significant component accounted for by the equity method …
The key members of the engagement team are required to discuss the susceptibility of an entity to material misstatement of the financial reports due to fraud or error, specifically emphasising the risks due to fraud. In a group audit, these discussions …