105 paragraphs found
In applying the requirements of paragraph 22, with respect to significant assumptions, the auditor’s further audit procedures shall address: Whether the significant assumptions are appropriate in the context of the applicable financial reporting …
During the audit, the auditor may identify classes of transactions, events and conditions that give rise to the need for accounting estimates and related disclosures that management failed to identify. ASA 315 deals with circumstances where the auditor …
Conversely, the inherent risk factors may, either individually or in combination, affect complex accounting estimates to a greater degree, and may lead the auditor to assess inherent risk at the higher end of the spectrum of inherent risk. For these …
The auditor’s assessment of control risk may be done in different ways depending on preferred audit techniques or methodologies. The control risk assessment may be expressed using qualitative categories (for example, control risk assessed as maximum, …
The auditor also may consider documenting: When management’s application of the method involves complex modelling, whether management’s judgements have been applied consistently and, when applicable, that the design of the model meets the measurement …
See ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report. …
See ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation. …
Indicators of possible management bias may affect the auditor’s conclusion as to whether the auditor’s risk assessment and related responses remain appropriate. The auditor may also need to consider the implications for other aspects of the audit, …
… This Auditing Standard requires a separate assessment of inherent … and varies on a scale that is referred to in this Auditing Standard as the spectrum of inherent risk. …
… as a risk assessment procedure in accordance with this Auditing Standard may be carried out in conjunction with the …