46 paragraphs found
The documentation of the overall audit strategy is a record of the key decisions considered necessary to properly plan the audit and to communicate significant matters to the engagement team. For example, the auditor may summarise the overall audit …
The auditor shall include in the audit documentation: [6] The overall audit strategy; The audit plan; and Any significant changes made during the audit engagement to the overall audit strategy or the audit plan, and the reasons for such changes. …
The auditor’s consideration of client continuance and relevant ethical requirements, including independence, [*] occurs throughout the audit engagement as conditions and changes in circumstances occur. Performing initial procedures on both client …
… This Auditing Standard also applies, as appropriate, to an audit …
The auditor shall update and change the overall audit strategy and the audit plan as necessary during the course of the audit. (Ref: Para. A15) …
The process of establishing the overall audit strategy assists the auditor to determine, subject to the completion of the auditor’s risk assessment procedures, such matters as: The resources to deploy for specific audit areas, such as the use of …
If an audit is carried out entirely by the engagement partner, questions of direction and supervision of engagement team members and review of their work do not arise. In such cases, the engagement partner, having personally conducted all aspects of the …
… of the matters referred to below may be required by other Auditing Standards, not all matters are relevant to every …
Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan. Adequate planning benefits the audit of a financial report in several ways, including the following: (Ref: Para. A1‑A3) Helping the …