121 paragraphs found
The auditor shall not communicate a matter in the Key Audit Matters section of the auditor’s report when the auditor would be required to modify the opinion in accordance with ASA 705 as a result of the matter. (Ref: Para. A5 …
The description of each key audit matter in the Key Audit Matters section of the auditor’s report shall include a reference to the related disclosure(s), if any, in the financial report and shall address: (Ref: Para. A34–A41 ) Why the matter was …
The auditor shall describe each key audit matter in the auditor’s report unless: (Ref: Para. A53–A56 ) Law or regulation precludes public disclosure about the matter; or (Ref: Para. A52 ) In extremely rare circumstances, the auditor determines that the …
A matter giving rise to a modified opinion in accordance with ASA 705, or a material uncertainty related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern in accordance with ASA 570, are by …
If the auditor determines, depending on the facts and circumstances of the entity and the audit, that there are no key audit matters to communicate or that the only key audit matters communicated are those matters addressed by paragraph 15 of this …
The auditor shall communicate with those charged with governance: Those matters the auditor has determined to be the key audit matters; or If applicable, depending on the facts and circumstances of the entity and the audit, the auditor’s determination …
The auditor shall include in the audit documentation: [6] (Ref: Para. A64) The matters that required significant auditor attention as determined in accordance with paragraph 9 of this Auditing Standard, and the rationale for the auditor’s determination …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment . …
Significance can be described as the relative importance of a matter, taken in context. The significance of a matter is judged by the auditor in the context in which it is being considered. Significance can be considered in the context of quantitative …