58 paragraphs found
An example of when the auditor is unable to apply the designed audit procedures to a selected item is when documentation relating to that item has been …
An example of a suitable alternative procedure might be the examination of subsequent cash receipts together with evidence of their source and the items they are intended to settle when no reply has been received in response to a positive confirmation …
When a misstatement has been established as an anomaly, it may be excluded when projecting misstatements to the population. However, the effect of any such misstatement, if uncorrected, still needs to be considered in addition to the projection of …
For tests of controls, no explicit projection of deviations is necessary since the sample deviation rate is also the projected deviation rate for the population as a whole. ASA 330 [3] provides guidance when deviations from controls upon which the …
In the case of tests of details, the projected misstatement plus anomalous misstatement, if any, is the auditor’s best estimate of misstatement in the population. When the projected misstatement plus anomalous misstatement, if any, exceeds tolerable …
If the auditor concludes that audit sampling has not provided a reasonable basis for conclusions about the population that has been tested, the auditor may: Request management to investigate misstatements that have been identified and the potential for …
See ASA 320 Materiality in Planning and Performing an Audit , paragraph 9 . …
See ASA 330 The Auditor’s Responses to Assessed Risks , paragraph 17 . …