22 paragraphs found
… the future prospects of the water report entity include estimates of expected inflows, under various climatic … general purpose water accounting report is prepared. Many estimates also include assumptions about matters that are …
… of drawing conclusions on the reasonableness of individual estimates. …
… Estimation uncertainty may relate to the data on which an estimate is based (for example, it may relate to uncertainty … including where applicable the model, used in making the estimate (sometimes known as parameter and model …
… The assurance practitioner's procedures in relation to estimates are described at paragraphs 49L-50R. …
… or more of the following, taking account of the nature of estimates: (Ref: Para. A95) Test how the estimates were made and the data on which they are based. In … the operating effectiveness of the controls over how the estimates were made, together with other appropriate …
… report. For example, expertise may be required to estimate or calculate the volumes of certain water assets, …
… being accounted for means that extrapolation was used to estimate water assets, water liabilities or changes to water …
In some cases, however, the assurance practitioner may decide that it is inappropriate to undertake an assurance engagement if the impact of uncertainty on information in the general purpose water accounting report is very high. This may be …
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 …
… applicable, used by the responsible party in developing an estimate, the assurance practitioner's procedures are likely …