62 paragraphs found
The size, complexity, and ownership characteristics of the entity have a significant influence on the consideration of relevant fraud risk factors. For example, in the case of a large entity, there may be factors that generally constrain improper conduct …
ASA 580 [28] establishes requirements and provides guidance on obtaining appropriate representations from management and, where appropriate, those charged with governance in the audit. In addition to acknowledging that they have fulfilled their …
Determining overall responses to address the assessed risks of material misstatement due to fraud generally includes the consideration of how the overall conduct of the audit can reflect increased professional scepticism, for example, through: Increased …
The auditor has professional and legal responsibilities in such circumstances and these responsibilities may vary according to circumstances. In some circumstances, for example, the auditor may be entitled to, or required to, make a statement or report …
Indicators that may suggest that significant transactions that are outside the normal course of business for the entity, or that otherwise appear to be unusual, may have been entered into to engage in fraudulent financial reporting or to conceal …
The auditor shall include the following in the audit documentation [12] of the identification and the assessment of the risks of material misstatement required by ASA 315: [13] The significant decisions reached during the discussion among the engagement …
Law, regulation or relevant ethical requirements may require the auditor to perform additional procedures and take further actions. For example, the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the …
In determining overall responses to address the assessed risks of material misstatement due to fraud at the financial report level, the auditor shall: Assign and supervise personnel taking account of the knowledge, skill and ability of the individuals to …
If the auditor confirms that, or is unable to conclude whether, the financial report is materially misstated as a result of fraud the auditor shall evaluate the implications for the audit. (Ref: Para. A54 …