118 paragraphs found
The auditor shall include in the audit documentation the names of the identified related parties and the nature of the related party relationships. …
See ASA 700 Forming an Opinion and Reporting on a Financial Report , paragraphs 10-15 . …
See ASA 260 Communication with Those Charged with Governance , paragraph 13 . …
See ASA 705 Modifications to the Opinion in the Independent Auditor’s Report . …
See ASA 230 Audit Documentation , paragraphs 8-11 , and paragraph A6 . …
An applicable financial reporting framework that establishes minimal related party requirements is one that defines the meaning of a related party but that definition has a substantially narrower scope than the definition set out in paragraph 10(b)(ii) of …
In the context of a fair presentation framework, [15] related party relationships and transactions may cause the financial report to fail to achieve fair presentation if, for example, the economic reality of such relationships and transactions is not …
In the context of a compliance framework, whether related party relationships and transactions cause the financial report to be misleading as discussed in ASA 700 depends upon the particular circumstances of the engagement. For example, even if …
The existence of the following relationships may indicate the presence of control or significant influence: Direct or indirect equity holdings or other financial interests in the entity. The entity’s holdings of direct or indirect equity or other …
Related parties, by virtue of their ability to exert control or significant influence, may be in a position to exert dominant influence over the entity or its management. Consideration of such behaviour is relevant when identifying and assessing the …