94 paragraphs found
For recurring audits, certain documentation may be carried forward, updated as necessary to reflect changes in the entity’s business or …
In respect of some risks, the auditor may judge that it is not possible or practicable to obtain sufficient appropriate audit evidence only from substantive procedures. Such risks may relate to the inaccurate or incomplete recording of routine and …
As obtaining an understanding of the entity and its environment is a continual, dynamic process, the auditor’s enquiries may occur throughout the audit …
Significant risk means an identified and assessed risk of material misstatement that, in the auditor’s judgement, requires special audit …
The extent of documentation may also reflect the experience and capabilities of the members of the audit engagement team. Provided the requirements of ASA 230 are always met, an audit undertaken by an engagement team comprising less experienced …
For the audits of public sector entities, law, regulation or other authority may affect the entity’s operations. Such elements are essential to consider when obtaining an understanding of the entity and its …
An understanding of internal control assists the auditor in identifying types of potential misstatements and factors that affect the risks of material misstatement, and in designing the nature, timing, and extent of further audit …
For the audits of public sector entities, “management objectives” may be influenced by concerns regarding public accountability and may include objectives which have their source in law, regulation, or other …