334 paragraphs found
Factors that may influence the assessed risks of material misstatement include: Inherent limitations on the capabilities of measurement instruments and the frequency of their calibration. The number, nature, geographical spread, and ownership …
To obtain more persuasive evidence because of a higher assessment of risk of material misstatement, the assurance practitioner may increase the quantity of the evidence, or obtain evidence that is more relevant or reliable, for example, by obtaining …
In the case of very small water report entities or immature water information systems, there may not be many control activities that could be identified by the assurance practitioner, or the extent to which their existence or operation have been …
The quantification of water assets, water liabilities and changes in water assets and water liabilities may include processes that are highly automated with little or no manual intervention, for example, where relevant information is recorded, processed, …
External confirmation procedures may provide relevant evidence about such information as: (a) Data that is collected in a manner that is consistent with the relevant Australian standards. [30] (b) The terms of agreements, contracts, or transactions. (c) …
For example , Australian Standard .\ S3778 . 2 . 2-2001 "Measurement of water flow in open channels -Establishment and operation of a gauging station" and AS 3778.7-2008 "Measurement of water flow in open channels - Determination of volume of water and …
In many cases, the fixed nature of physical relationships between particular water assets and water liabilities and other measurable phenomena allows for the design of powerful analytical procedures (for example, the relationship between water demand and …
Other analytical procedures may involve comparisons of information about the water report entity's water assets and water liabilities with external data such as industry averages; or the analysis of trends during the period to identify anomalies for …
Analytical procedures may be particularly effective when disaggregated data is readily available, or when the assurance practitioner has reason to consider the data to be used is reliable, such as when it is extracted from a well-controlled …
In some cases, it may be appropriate for the assurance practitioner to evaluate how the responsible party has considered alternative assumptions or outcomes, and why it has rejected …