93 paragraphs found
ASA 701 [7] deals with the auditor’s responsibility to communicate key audit matters in the auditor’s report. That Auditing Standard acknowledges that, when ASA 701 applies, matters relating to going concern may be determined to be key audit matters, …
As required by paragraph 11, the auditor remains alert to the possibility that there may be known events, scheduled or otherwise, or conditions that will occur beyond the period of assessment used by management that may bring into question the …
Audit procedures that are relevant to the requirement in paragraph 16 may include the following: Analysing and discussing cash flow, profit and other relevant forecasts with management. Analysing and discussing the entity’s latest available interim …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment , paragraph 5 …
If adequate disclosure about the material uncertainty is made in the financial report, the auditor shall express an unmodified opinion and the auditor’s report shall include a separate section under the heading “Material Uncertainty Related to Going …
If adequate disclosure about the material uncertainty is not made in the financial report, the auditor shall: (Ref: Para. A32–A34) Express a qualified opinion or adverse opinion, as appropriate, in accordance with ASA 705 [5] ; and In the Basis for …
If management is unwilling to make or extend its assessment when requested to do so by the auditor, the auditor shall consider the implications for the auditor’s report. …
Unless all those charged with governance are involved in managing the entity, [6] the auditor shall communicate with those charged with governance events or conditions identified that may cast significant doubt on the entity’s ability to continue as a …