119 paragraphs found
Law or regulation, an agreement with the entity or additional requirements applicable to the engagement may provide for broader communication with those charged with governance. For example, (a) an agreement with the entity may provide for particular …
Communication regarding the planned scope and timing of the audit may: Assist those charged with governance to understand better the consequences of the auditor’s work, to discuss issues of risk and the concept of materiality with the auditor, and to …
Communicating significant risks identified by the auditor helps those charged with governance understand those matters and why they were determined to be significant risks . The communication about significant risks may assist those charged with …
Matters communicated may include: How the auditor plans to address the significant risks of material misstatement, whether due to fraud or error. How the auditor plans to address areas of higher assessed risks of material misstatement. The auditor’s …
Other planning matters that it may be appropriate to discuss with those charged with governance include: [Deleted by the AUASB. Refer Aus …
Where the entity has an internal audit function, how the external auditor and internal auditors can work together in a constructive and complementary manner, including any planned use of the work of the internal audit function. [10] The views of those …
While communication with those charged with governance may assist the auditor to plan the scope and timing of the audit, it does not change the auditor’s sole responsibility to establish the overall audit strategy and the audit plan, including the nature, …
Care is necessary when communicating with those charged with governance about the planned scope and timing of the audit so as not to compromise the effectiveness of the audit, particularly where some or all of those charged with governance are involved in …
The communication of findings from the audit may include requesting further information from those charged with governance in order to complete the audit evidence obtained. For example, the auditor may confirm that those charged with governance have the …
When ASA 701 applies, the communications with those charged with governance required by paragraph 16 , as well as the communication about the significant risks identified by the auditor required by paragraph 15 , are particularly relevant to the auditor’s …