367 paragraphs found
When designing the procedures to obtain an understanding of the entity and its environment, and to identify and assess risks of material misstatement in the financial information, required in paragraph 36 of this ASAE, the assurance practitioner shall …
The assurance practitioner shall design and implement procedures to respond to, and address the assessed risks of material misstatement of the financial information. (Ref: Para. A36‑A37 …
The assurance practitioner shall use professional judgement to design and perform assurance procedures whose nature, timing and extent are responsive to the assessed risks of material misstatement, after: considering the likelihood of material …
In designing analytical procedures, the assurance practitioner shall determine the suitability of particular analytical procedures in relation to the financial information, taking into consideration the assessed risks of material misstatement of the …
The assurance procedures shall include: if applicable, in respect of comparative information: comparing, for consistency, its stated basis of preparation against the entity’s previously audited or reviewed historical financial information and if …
The concepts and discussions on using the work of another auditor or internal auditor relevant to an audit engagement are contained in Auditing Standard ASA 600 Special Considerations—Audits of a Group Financial Report (including the Work of Component …
If the analytical procedures described in paragraph 52(e) of this ASAE identify fluctuations or relationships that are inconsistent with other relevant information, or differ significantly from expected amounts or ratios in the financial information, the …
If the assurance practitioner obtains oral representations from the responsible party in respect of matters supporting the financial information, the assurance practitioner shall: evaluate their reasonableness and consistency with other evidence obtained, …
The concepts and discussions on corroborative evidence relevant in investigating unusual fluctuations relevant to an audit engagement are contained in Auditing ASA 520 Analytical Procedures , and may be helpful in determining appropriate corroborative …
The assurance practitioner shall remain alert throughout the engagement for any event(s), condition(s), transaction(s), or error(s) that may: cast doubt over the reliability, accuracy, or completeness of the information used by the assurance practitioner …