334 paragraphs found
However, when such analytical procedures use data aggregated at a high level (which may be the situation with analytical procedures performed to obtain an understanding of the water report entity and its circumstances and to identify and assess risks of …
Observation consists of looking at a process or procedure, or control activities, being performed by others. Observation provides evidence about the performance of a process or procedure, or control activity, but is limited to the point in time at which …
Inspection invokes: Examining records or documents, whether internal or external, in paper form, electronic form, or other media, for example calibration records of a monitoring device. Inspection of records and documents provides evidence of varying …
Observation and inspection may support enquiries of the responsible party and others, and may also provide information about the water report entity and its circumstances. Examples of such procedures include observation or inspection of the following: …
In a limited assurance engagement, the assurance practitioner is not required to obtain an understanding of an of the components of internal control relevant to water accounting and reporting as is required in a reasonable assurance engagement. In …
The assurance practitioner's understanding of relevant components of internal control may raise doubts about whether sufficient appropriate evidence is available for the assurance practitioner to complete the engagement. For example (see also paragraphs …
The assurance practitioner's judgement about whether particular control activities are relevant to the engagement may be affected by the level of sophistication, documentation and formality of the water information system, including the related business …
In the case of very small entities or immature water information systems, particular control activities are likely to be more rudimentary, less well-documented, and may only exist informally. When this is the case, it is less likely the assurance …
Information obtained from other engagements performed relating to the water report entity may relate to, for example, aspects of the water report entity's control …
Performing observation and inspection, as well as other procedures, at locations other than where the general purpose water accounting report is prepared (often referred to as a "site visit") may be important in building on the understanding of the …