176 paragraphs found
Risks of material misstatement are assessed at the assertion level in order to determine the nature, timing and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence. …
When the auditor conducts the audit in accordance with Australian Auditing Standards and International Standards on Auditing (“ISAs”), in accordance with ASA 700 the auditor’s report is required to refer to the audit having been conducted in accordance …
Where in rare and exceptional circumstances, factors outside the auditor’s control prevent the auditor from complying with an essential procedure contained within a relevant requirement, compliance with Australian Auditing Standards can still be …
External circumstances giving rise to business risks may also influence inherent risk. For example, technological developments might make a particular product obsolete, thereby causing inventory to be more susceptible to overstatement. Factors in the …
The "considerations specific to smaller entities" included in some Australian Auditing Standards have been developed primarily with unlisted entities in mind. Some of the considerations, however, may be helpful in audits of smaller listed …
For purposes of specifying additional considerations to audits of smaller entities, a “smaller entity” refers to an entity which typically possesses qualitative characteristics such as: Concentration of ownership and management in a small number of …
The considerations specific to “automated tools and techniques” included in some Auditing Standards (for example, ASA 315 ) have been developed to explain how the auditor may apply certain requirements when using automated tools and techniques in …