74 paragraphs found
The auditor may also obtain information, or a different perspective in identifying risks of material misstatement, through enquiries of others within the entity and other employees with different levels of authority. For example: Enquiries directed …
The auditor shall include in the audit documentation: [2] The discussion among the engagement team where required by paragraph 10 of this Auditing Standard, and the significant decisions reached; Key elements of the understanding obtained regarding each …
The auditor shall obtain an understanding of the following: Relevant industry, regulatory, and other external factors and the applicable financial reporting framework. (Ref: Para. A25-A30) The nature of the entity, including: its operations; its ownership …
The following are examples of conditions and events that may indicate the existence of risks of material misstatement in the financial report. The examples provided cover a broad range of conditions and events; however, not all conditions and events are …