274 paragraphs found
In obtaining this understanding, the auditor may seek to understand whether: The applicable financial reporting framework: Prescribes certain criteria for the recognition, or methods for the measurement of accounting estimates; Specifies certain criteria …
Obtaining an understanding of regulatory factors, if any, that are relevant to accounting estimates may assist the auditor in identifying applicable regulatory frameworks (for example, regulatory frameworks established by prudential supervisors in the …
Obtaining an understanding of the nature of accounting estimates and related disclosures that the auditor expects to be included in the entity’s financial report assists the auditor in understanding the measurement basis of such accounting estimates and …
In applying ASA 315, [35] the auditor’s understanding of the nature and extent of oversight and governance that the entity has in place over management’s process for making accounting estimates may be important to the auditor’s required evaluation of …
The auditor may obtain an understanding of whether those charged with governance: Have the skills or knowledge to understand the characteristics of a particular method or model to make accounting estimates, or the risks related to the accounting estimate, …
Obtaining an understanding of the oversight by those charged with governance may be important when there are accounting estimates that: Require significant judgement by management to address subjectivity; Have high estimation uncertainty; Are complex to …
The auditor may consider whether the following circumstances increase the likelihood that management needs to engage an expert: [36] The specialised nature of the matter requiring estimation, for example, the accounting estimate may involve measurement of …
Understanding how the entity’s risk assessment process identifies and addresses risks relating to accounting estimates may assist the auditor in considering changes in: The requirements of the applicable financial reporting framework related to the …
Matters that the auditor may consider in obtaining an understanding of how management identified and addresses the susceptibility to misstatement due to management bias or fraud in making accounting estimates, include whether and, if so, how management: …
The significant classes of transactions, events and conditions within the scope of paragraph 13(h) are the same as the significant classes of transactions, events and conditions relating to accounting estimates and related disclosures that are subject to …