334 paragraphs found
Examples of other factors that may lead to risks of material misstatement include: Human error in the quantification of water assets, water liabilities and changes in water assets and water liabilities, which may be more likely to occur if personnel are …
Because the level of assurance obtained in a limited assurance engagement is lower than in a reasonable assurance engagement, the procedures the assurance practitioner performs in a limited assurance engagement vary in nature and timing from, and are less …
This may not always be the case; for example, in some circumstances the assurance practitioner may develop a precise expectation based on fixed physical relationships even in a limited assurance …
Overall responses to address the assessed risks of material misstatement at the general purpose water accounting report level may include: Emphasising to the assurance personnel the need to maintain professional scepticism. Assigning more experienced …
Such considerations, therefore, have a significant bearing on the assurance practitioner's general approach, for example, the relative emphasis on tests of controls versus other procedures (see also paragraphs A62-A64 and …
Further procedures may include, for example: Testing the operating effectiveness of controls over the collection and recording of flow data, such as review of the meta data associated with the gauging site to determine if there have been changes to …
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, …