334 paragraphs found
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 …
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 …