334 paragraphs found
Performing procedures at other locations (or having another assurance practitioner perform such procedures on behalf of the assurance practitioner) may be done as part of planning, when performing procedures to identify and assess risks of material …
As noted in paragraph A66, performing procedures at other locations may be important in building on the understanding of the responsible party and the water report entity that the assurance practitioner develops by performing procedures at the location …
To obtain adequate coverage of total water assets and water liabilities, particularly in a reasonable assurance engagement, the assurance practitioner may decide that it is appropriate to perform procedures at or for a selection of locations that are not …
The internal audit function is likely to be relevant to the engagement if the nature of the internal audit function's responsibilities and activities are related to water accounting and reporting and the assurance practitioner expects to use the work of …
Risks of material misstatement at the general purpose water accounting report level refer to risks that relate pervasively to the general purpose water accounting report as a whole. Risks of this nature are not necessarily risks identifiable with a …
Risks at the general purpose water accounting report level may derive in particular from a deficient control environment For example, deficiencies such as management's lack of competence may have a pervasive effect on the general purpose …
Assertions are used by the assurance practitioner in a reasonable assurance engagement, and may be used in a limited assurance engagement, to consider the different types of potential misstatements that may …
In representing that the general purpose water accounting report is in accordance with the applicable criteria, the responsible party implicitly or explicitly makes assertions regarding the recognition, quantification, presentation and disclosure of water …
If the assurance practitioner's assessment of risks of material misstatement at the assertion level includes an expectation that the controls are operating effectively (that is, the assurance practitioner intends to rely on the operating effectiveness …
Misstatements in the general purpose water accounting report can arise from either fraud or error. The distinguishing factor between fraud and error is whether the underlying action that results in the misstatement of the general purpose water accounting …