369 paragraphs found
If a control is suitably designed the assurance practitioner determines, if included in the scope of the engagement, whether the control is operating effectively by assessing if it operated throughout the period as designed, in all material respects. If …
Evidence about the operation of material controls in prior periods cannot be used as evidence of operating effectiveness of those controls in the current period, however it may be useful in understanding the entity and its environment to identify risks …
In a limited assurance engagement, ASAE 3000 [53] requires the assurance practitioner to identify areas where a material misstatement of the subject matter information is likely to arise. However, in a limited assurance engagement on controls, the …
The nature of a control procedure often influences the nature of tests of operating effectiveness that can be performed. For example, the assurance practitioner may examine evidence regarding controls where such evidence exists, however documentary …
The decision about what comprises sufficient appropriate evidence is a matter of professional judgement. The assurance practitioner may consider for example: the nature of the system; the significance of the control procedure in achieving the relevant …
Obtaining an understanding of controls sufficient to conclude on the suitability of their design is not sufficient evidence regarding their operating effectiveness, unless there is some automation that provides for the consistent operation of the controls …
To be useful to users and not be potentially misleading, an assurance report on operating effectiveness over a period ordinarily covers a minimum period of six months. The assurance practitioner considers the reasons for a shorter period being selected …
Certain control procedures may not leave evidence of their operation that can be tested at a later date and, accordingly, the assurance practitioner may find it necessary to test the operating effectiveness of such control procedures at various times …
If the assurance practitioner provides a conclusion on the operating effectiveness of controls, that conclusion relates to the operation of controls throughout each period, therefore, sufficient appropriate evidence about the operation of controls during …