49 paragraphs found
During the audit, the auditor may inspect records or documents that may provide information about related party relationships and transactions, for example: Third‑party confirmations obtained by the auditor (in addition to bank and legal confirmations). …
If the auditor has assessed a significant risk of material misstatement due to fraud as a result of the presence of a related party with dominant influence, the auditor may, in addition to the general requirements of ASA 240 , perform audit procedures …
See ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors) , paragraph 40(e) . …
Because related parties are not independent of each other, many financial reporting frameworks establish specific accounting and disclosure requirements for related party relationships, transactions and balances to enable users of the financial report to …
Controls over related party relationships and transactions within some entities may be deficient or non‑existent for a number of reasons, such as: The low importance attached by management to identifying and disclosing related party relationships and …
See ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report . …
… the audit procedures required by paragraph 15 of this Auditing Standard or through other audit procedures, the …
See ASA 230 Audit Documentation , paragraphs 8-11 , and paragraph A6 . …
The auditor shall include in the audit documentation the names of the identified related parties and the nature of the related party relationships. …
… than the definition set out in paragraph 10(b)(ii) of this Auditing Standard, so that a requirement in the framework to …