334 paragraphs found
AWAS 1 requires information to be disclosed in the notes to the general purpose water accounting report that is relevant to an understanding of the water assets and water liabilities of the water report entity and the management of those water assets and …
In considering the reasonableness of an unaccounted-for difference in the general purpose water accounting report, if any, the assurance practitioner may enquire of, and discuss with, management the following: The possible causes of the unaccounted-for …
The responsible party may use the work of a management's expert to assist them in preparing the general purpose water accounting report. For example, expertise may be required to estimate or calculate the volumes of certain water assets, water liabilities …
The nature, timing and extent of further procedures relating to information prepared using the work of a management's expert may be affected by such matters as: The nature and complexity of the matter to which the information relates. The risks of …
Competence relates to the nature and level of expertise of the management's expert. Capability relates to the ability of the management's expert to exercise competence in the circumstances. Objectivity relates to the possible effects of bias, conflict of …
In obtaining an understanding of the work of the management's expert, the assurance practitioner may consider: The relevant field of expertise and any areas of speciality within that field that are relevant to the assurance engagement. Whether any …
Considerations when evaluating the appropriateness of the management's expert's work as assurance evidence may include: The relevance and reasonableness of that expert's findings or conclusions, their consistency with other assurance evidence, and whether …
Sampling involves: Determining a sample size sufficient to reduce sampling risk to an acceptably low level. Because the acceptable level of assurance engagement risk is lower for a reasonable assurance engagement than for a limited assurance engagement, …
In responding to fraud or suspected fraud identified during the engagement, it may be appropriate for the assurance practitioner to, for example: Discuss the matter with the responsible party. Request the responsible party to consult with an appropriately …
The actions noted in paragraph Al 10 may be appropriate in responding to non-compliance or suspected non-compliance with law and regulation identified during the engagement. It may also be appropriate to describe the matter in an Other Matter paragraph in …