84 paragraphs found
… as determined in accordance with paragraph 9 of this Auditing Standard, and the rationale for the auditor’s … a key audit matter in accordance with paragraph 10 of this Auditing Standard; Where applicable, the rationale for the … are those matters addressed by paragraph 15 of this Auditing Standard; and Where applicable, the rationale for …
When comparative financial information is presented, the introductory language of the Key Audit Matters section is tailored to draw attention to the fact that the key audit matters described relate to only the audit of the financial report of the current …
ASA 315 explains that the auditor’s assessment of the risks of material misstatement at the assertion level may change during the course of the audit as additional audit evidence is obtained. [26] Revision to the auditor’s risk assessment and …
The purpose of communicating key audit matters is to enhance the communicative value of the auditor’s report by providing greater transparency about the audit that was performed. Communicating key audit matters provides additional information to intended …
… This Auditing Standard applies to audits of general purpose … key audit matters in the auditor’s report. This Auditing Standard also applies when the auditor is required …
The communication of key audit matters in the auditor’s report may also provide intended users a basis to further engage with management and those charged with governance about certain matters relating to the entity, the audited financial report, or the …
The concept of significant auditor attention recognises that an audit is risk‑based and focuses on identifying and assessing the risks of material misstatement of the financial report, designing and performing audit procedures responsive to those risks, …
… unless the circumstances in paragraphs 14 or 15 of this Auditing Standard apply. The introductory language in this …
… with expertise in a specialised area of accounting or auditing, whether engaged or employed by the firm to address …
The following illustrates the presentation in the auditor’s report if the auditor has determined there are no key audit matters to communicate: Key Audit Matters [Except for the matter described in the Basis for Qualified (Adverse) Opinion section or …