290 paragraphs found
In some circumstances, the assurance practitioner may be required by law or regulation to, for example: Notify a regulatory or enforcement body of certain matters communicated with those charged with governance. For example, in some circumstances the …
Unless required by law or regulation to provide a third party with a copy of the assurance practitioner’s written communications with those charged with governance, the assurance practitioner may need the prior consent of management or those charged with …
The assurance practitioner’s consideration of materiality is made in the context of the applicable financial reporting framework. Some financial reporting frameworks discuss the concept of materiality in the context of the preparation and presentation of …
If present in the applicable financial reporting framework, a discussion of the concept of materiality provides a frame of reference for the assurance practitioner in determining materiality for the review. If not present, the above considerations …
The assurance practitioner’s determination of materiality is a matter of professional judgement, and is affected by the assurance practitioner’s perception of the needs of the intended users of the financial statements. In this context, it is reasonable …
The assurance practitioner’s judgement about what is material in relation to the financial statements as a whole is the same regardless of the level of assurance obtained by a assurance practitioner as the basis for expressing the conclusion on the …
The assurance practitioner’s determination of materiality for the financial statements as a whole may need to be revised during the engagement as a result of: A change in the circumstances that occurred during the review (for example, a decision to …
The assurance practitioner uses professional judgement to determine the extent of the understanding of the entity and its environment required to perform the review of the entity’s financial statements in accordance with this ASRE. The assurance …
Obtaining an understanding of the entity and its environment is a continual dynamic process of gathering, updating and analysing information throughout the review engagement. The assurance practitioner’s understanding is obtained and applied on an …
The understanding establishes a frame of reference within which the assurance practitioner plans and performs the review engagement, and exercises professional judgement throughout the engagement. Specifically, the understanding needs to be sufficient …