58 paragraphs found
… Application material relating to the five components of internal control as they relate to a financial report audit … 1 provides further explanation of these components of internal control. …
… If the entity has an internal audit function, obtaining an understanding of that … understanding of the entity and its environment, including internal control, in particular the role that the function plays in the entity’s monitoring of internal control over financial reporting. This …
… has responded to the findings and recommendations of the internal audit function regarding identified deficiencies in internal control relevant to the audit, including whether … and whether they have been subsequently evaluated by the internal audit function. …
… with governance and management concerning the entity’s internal control and its importance in the entity. The …
… the control, individually or in combination with other controls, is capable of effectively preventing, or detecting … designed control may represent a significant deficiency in internal control. …
… obtained from the understanding of the other components of internal control assists the auditor in determining whether …
… Internal control over safeguarding of assets against … unauthorised acquisition, use, or disposition may include controls relating to both financial reporting and operations objectives. The auditor’s consideration of such controls is generally limited to those relevant to the …
… Internal control is designed, implemented and maintained to … with applicable laws and regulations. The way in which internal control is designed, implemented and maintained …
… The circumstances and the applicable component of internal control. The nature and complexity of the systems that are part of the entity’s internal control, including the use of service …
… other hand, the owner manager may be more able to override controls because the system of internal control is less structured. This is taken into …