… as appropriate, to an audit of other historical financial information.  …

… This Auditing Standard requires the auditor to evaluate, based on the audit procedures performed and the audit evidence … accounting estimate and the facts and circumstances of the entity; The selection of management’s point estimate; and The …

… When obtaining an understanding of the entity and its environment, including the entity’s internal control, as required by ASA 315, [8]  the auditor shall obtain an understanding of … accounting estimates. (Ref: Para. A32–A33 ) The entity’s information system as it relates to accounting estimates, …

… The auditor shall review the outcome of previous accounting estimates, or, where … re‑estimation to assist in identifying and assessing the risks of material misstatement in the current period. The … accounting estimates that were appropriate based on the information available at the time they were made. …

… The auditor shall determine whether any of the risks of material misstatement identified and assessed in … exists, the auditor shall obtain an understanding of the entity’s controls, including control activities, relevant to …

… In applying the requirements of paragraph 22, with respect to significant assumptions, the auditor’s further audit procedures shall address: Whether … or with related assumptions used in other areas of the entity’s business activities, based on the auditor’s …

… In obtaining audit evidence regarding the risks of material misstatement relating to accounting estimates, irrespective of the sources of information to be used as audit evidence, the auditor shall … and extent of the further audit procedures are affected by the auditor’s evaluation of the expert’s competence, …

… In applying ASA 260 [26]  and ASA 265, [27]  the auditor is required to communicate with those charged … matters, including significant qualitative aspects of the entity’s accounting practices and significant deficiencies in … in certain circumstances, the auditor is required by law or regulation to communicate about certain matters …

… The auditor shall include in the audit documentation: [28]   … ) Key elements of the auditor’s understanding of the entity and its environment, including the entity’s internal … evaluation of the implications for the audit, as required by paragraph 32; and Significant judgements relating to the …

… Assumptions involve judgements based on available information about matters such as the choice of an interest rate, a discount rate, or … future conditions or events. An assumption may be selected by management from a range of appropriate alternatives. …