105 paragraphs found
In some industries, such as the financial services industry, management makes extensive use of IT to conduct business. It may therefore be more likely that there are risks related to certain accounting estimates for which substantive procedures alone …
… estimate are referred to as significant assumptions in this Auditing Standard if a reasonable variation in the …
In designing and performing further audit procedures the auditor may use any of the three testing approaches (individually or in combination) listed in paragraph 18. For example, when several assumptions are used to make an accounting estimate, the …
… internal control. The requirements in paragraph 13 of this Auditing Standard relate more specifically to accounting …
If the auditor’s consideration of estimation uncertainty associated with an accounting estimate, and its related disclosure, is a matter that required significant auditor attention, then this may constitute a key audit matter. …
… the matter involved is in a field other than accounting or auditing (for example, valuation skills) and may need to use …
… For purposes of this Auditing Standard, data is information that can be obtained …
The greater the degree to which an accounting estimate is subject to estimation uncertainty, the more likely the risks of material misstatement will be assessed as higher and therefore the more persuasive the audit evidence needs to be to determine, in …
When management makes extensive use of information technology in making an accounting estimate, controls relevant to the audit are likely to include general IT controls and application controls. Such controls may address risks related to: Whether the …