49 paragraphs found
Examples of substantive audit procedures that the auditor may perform when the auditor has assessed a significant risk that management has not appropriately accounted for or disclosed specific related party transactions in accordance with the applicable …
… and related activities set out in paragraphs 12‑17 of this Auditing Standard, to obtain information relevant to …
Although audit evidence may be readily available regarding how the price of a related party transaction compares to that of a similar arm’s length transaction, there are ordinarily practical difficulties that limit the auditor’s ability to obtain audit …
Examples of substantive audit procedures that the auditor may perform relating to newly identified related parties or significant related party transactions include: Making enquiries regarding the nature of the entity’s relationships with the newly …
See ASA 210 Agreeing the Terms of Audit Engagements , paragraph 6(a) . …
The objectives of the auditor are: Irrespective of whether the applicable financial reporting framework establishes related party requirements, to obtain an understanding of related party relationships and transactions sufficient to be able: To recognise …
See ASA 230, paragraph A8 , which provides further guidance on the nature of significant matters arising during the audit. …
Matters that may be addressed in the discussion among the engagement team include: The nature and extent of the entity’s relationships and transactions with related parties (using, for example, the auditor’s record of identified related parties updated …