24 paragraphs found
… determining what additional audit evidence to obtain about controls that were operating during the period remaining … controls that were tested during the interim period, and significant changes to them since they were tested, … The extent to which the auditor intends to reduce further substantive procedures based on the reliance of controls. …
… the assertion level is performed by assessing inherent risk and control risk. The auditor assesses inherent risk by … misstatement of the completeness assertion, whereas substantive procedures may be most responsive to the …
… each significant class of transactions, account balance, and disclosure, including: The likelihood and magnitude of … risk); and Whether the risk assessment takes account of controls that address the risk of material misstatement … of controls in determining the nature, timing and extent of substantive procedures); and (Ref: Para. A9-A18) Obtain …
… An audit of a financial report is a cumulative and iterative process. As the auditor performs planned … of misstatements that the auditor detects by performing substantive procedures may alter the auditor’s judgement … and may indicate a significant deficiency in internal control. The auditor may become aware of discrepancies in …