74 paragraphs found
See ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements , for further …
The concepts and discussions on the audit of historical financial information in the form of a complete set of financial statements that is prepared in accordance with a special purpose framework (that is, other than a general purpose framework) are …
Base financial information means financial information that is used as the starting point for the application of pro forma adjustments [4] by the responsible party. Base financial information is ordinarily historical in nature, however, it can also be …
The concepts and discussions on obtaining evidence relevant to an audit engagement are contained in ASA 500 , which may be useful to assurance practitioners when determining the extent, if any, of evidence required in the conduct of an assurance …
If the source of the base financial information is historical and has not been previously audited or reviewed, the assurance practitioner, in order to obtain sufficient appropriate evidence on which to conclude and express limited assurance on the …
The concepts and discussions on auditors assessing and placing reliance on the work performed by the entity’s expert are contained in ASA 500 Audit Evidence and may be helpful in determining the extent of reliance by an assurance practitioner in an …
The concepts and discussions on the subsequent events relevant to a financial report audit engagement are contained in ASA 560 Subsequent Events, and may be helpful in assessing subsequent events in an assurance …
The concepts and discussions on placing reliance on the work of another auditor relevant to an audit engagement are contained in ASA 620 which may be useful to assurance practitioners when determining the extent, if any, of such reliance in the conduct of …
Factors to consider include: the actual type of information, including its source and extent; the nature and extent of documentation that is known to be available to support the financial information; whether all, or part, of the financial information has …