24 paragraphs found
… In the case of smaller entities, there may not be many control activities that could be identified by the auditor, … to perform further audit procedures that are primarily substantive procedures. In some rare cases, however, the absence of controls or of components of the system of internal control …
… Paragraph 18 requires the auditor to design and perform substantive procedures for each material class of … misstatement; and (b) there are inherent limitations to controls, including management override. …
… an audit procedure refers to its purpose (that is, test of controls or substantive procedure) and its type (that is, inspection, observation, enquiry, …
… The auditor may perform tests of controls or substantive procedures at an interim date or at the period … that the auditor may decide it is more effective to perform substantive procedures nearer to, or at, the period end …
… 315, the auditor may find it impossible to design effective substantive procedures that by themselves provide sufficient … may occur when an entity conducts its business using IT and no documentation of transactions is produced or … paragraph 8(b) requires the auditor to perform tests of controls that address the risk for which substantive …
… In addition, the auditor may design a test of controls to be performed concurrently with a test of details … accomplished concurrently by performing a test of controls and a test of details on the same transaction, also known as … to determine whether it has been approved and to provide substantive audit evidence of a transaction. A dual-purpose …
… skills or using experts. Changes to the nature, timing and extent of direction and supervision of members of the … The auditor’s plans to tests the operating effectiveness of controls, and the persuasiveness of audit evidence needed to … activities are identified. The nature, timing and extent of substantive procedures. For example, it may be appropriate …
… If deviations from controls upon which the auditor intends to rely are … the auditor shall make specific enquiries to understand these matters and their potential consequences, and … risks of material misstatement need to be addressed using substantive procedures. …
… Similarly, the auditor may perform tests of controls that address risks of material misstatement related … to the integrity of the entity’s data, or the completeness and accuracy of the entity’s system-generated reports, or to address risks of material misstatement for which substantive procedures alone cannot provide sufficient …
… of material misstatement at the financial report level, and thereby the auditor’s overall responses, is affected by the auditor’s understanding of the control environment. An effective control environment may … interim date. Obtaining more extensive audit evidence from substantive procedures. Increasing the number of locations …