74 paragraphs found
However, when such analytical procedures use data aggregated at a high level (which may be the situation with analytical procedures performed as risk assessment procedures), the results of those analytical procedures only provide a broad initial …
The industry in which the entity operates may give rise to specific risks of material misstatement arising from the nature of the business or the degree of regulation. For example, long‑term contracts may involve significant estimates of revenues and …
Significant changes in the entity from prior periods may give rise to, or change, risks of material misstatement. …
Significant risk means an identified and assessed risk of material misstatement that, in the auditor’s judgement, requires special audit …
The auditor shall consider whether information obtained from the auditor’s client acceptance or continuance process is relevant to identifying risks of material …
If the engagement partner has performed other engagements for the entity, the engagement partner shall consider whether information obtained is relevant to identifying risks of material …
… material misstatement of the financial report; Determining materiality in accordance with ASA 320; [3] Considering the …
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 …
This Auditing Standard deals with the auditor’s responsibility to identify and assess the risks of material misstatement in the financial report, through understanding the entity and its environment, including the entity’s internal …
… to the audit may include such matters as the following: Materiality. The significance of the related risk. The size …