118 paragraphs found
During the audit, the auditor shall remain alert, when inspecting records or documents, for arrangements or other information that may indicate the existence of related party relationships or transactions that management has not previously identified or …
If the auditor identifies significant transactions outside the entity’s normal course of business when performing the audit procedures required by paragraph 15 of this Auditing Standard or through other audit procedures, the auditor shall enquire of …
The auditor shall share relevant information obtained about the entity’s related parties with the other members of the engagement team. (Ref: Para. A28 …
In meeting the ASA 315 requirement to identify and assess the risks of material misstatement, [9] the auditor shall identify and assess the risks of material misstatement associated with related party relationships and transactions and determine whether …
If the auditor identifies fraud risk factors (including circumstances relating to the existence of a related party with dominant influence) when performing the risk assessment procedures and related activities in connection with related parties, the …
As part of the ASA 330 requirement that the auditor respond to assessed risks, [10] the auditor designs and performs further audit procedures to obtain sufficient appropriate audit evidence about the assessed risks of material misstatement associated with …
If the auditor identifies arrangements or information that suggests the existence of related party relationships or transactions that management has not previously identified or disclosed to the auditor, the auditor shall determine whether the underlying …
If the auditor identifies related parties or significant related party transactions that management has not previously identified or disclosed to the auditor, the auditor shall: Promptly communicate the relevant information to the other members of the …
For identified significant related party transactions outside the entity’s normal course of business, the auditor shall: Inspect the underlying contracts or agreements, if any, and evaluate whether: The business rationale (or lack thereof) of the …
If management has made an assertion in the financial report to the effect that a related party transaction was conducted on terms equivalent to those prevailing in an arm’s length transaction, the auditor shall obtain sufficient appropriate audit evidence …