105 paragraphs found
ASA 330 requires the auditor to obtain more persuasive audit evidence the higher the auditor’s assessment of the risk. [45] Therefore, the consideration of the nature or quantity of the audit evidence may be more important when inherent risks relating to …
… each of the approaches described in paragraph 18 of this Auditing Standard based on the auditor’s professional …
In addition to communicating with those charged with governance, the auditor may be permitted or required to communicate directly with regulators or prudential supervisors. Such communication may be useful throughout the audit or at particular stages, …
With respect to accounting estimates, the auditor shall determine whether the engagement team requires specialised skills or knowledge to perform the risk assessment procedures, to identify and assess the risks of material misstatement, to design and …
When testing how management made the accounting estimate, the auditor’s further audit procedures shall include procedures, designed and performed in accordance with paragraphs 23–26 , to obtain sufficient appropriate audit evidence regarding the risks of …
… For the purposes of this Auditing Standard, the following terms have the meanings …
The measurement objective for fair value accounting estimates and other accounting estimates, based on current conditions at the measurement date, deals with perceptions about value at a point in time, which may change significantly and rapidly as the …
The objective of the auditor is to obtain sufficient appropriate audit evidence about whether accounting estimates and related disclosures in the financial report are reasonable in the context of the applicable financial reporting …
Management may design and implement specific controls around models used for making accounting estimates, whether management’s own model or an external model. When the model itself has an increased level of complexity or subjectivity, such as an expected …