23 paragraphs found
… whether due to fraud or error, at the financial report and assertion levels, through understanding the entity and its …
… risks of material misstatement at the financial report and assertion levels. Risk assessment procedures by themselves, …
… the financial report as a whole and potentially affect many assertions; Relate the identified risks to what can go wrong at the assertion level, taking account of relevant controls that …
… transactions, account balances, or disclosures and related assertions and about the operating effectiveness of …
… Assertions used by the auditor in considering the different … that may occur fall into the following categories: Assertions about classes of transactions and events, and … of the applicable financial reporting framework. Assertions about account balances, and related disclosures, …
… assessment of the risks of material misstatement at the assertion level may change during the course of the audit as …
… of transactions, account balances, and disclosures at the assertion level or the financial report level. For example, …
… the financial report level; and (Ref: Para. A122-A125) the assertion level for classes of transactions, account …
… of material misstatement at the financial statement and assertion levels. In performing its work, the internal …