119 paragraphs found
The auditor’s assessment of control risk may be performed in different ways depending on preferred audit techniques or methodologies, and may be expressed in different …
ASA 230 notes that, among other considerations, although there may be no single way in which the auditor’s exercise of professional scepticism is documented, the audit documentation may nevertheless provide evidence of the auditor’s exercise of …
For the audits of public sector entities, there may be particular laws or regulations that affect the entity’s operations. Such elements may be an essential consideration when obtaining an understanding of the entity and its …
Audit evidence for the auditor’s understanding of the control environment may be obtained through a combination of enquiries and other risk assessment procedures (i.e., corroborating enquiries through observation or inspection of …
Information obtained by the auditor to support an appropriate basis for the identification and assessment of risks, and the design of further audit procedures, may be obtained through enquiries of management and those responsible for financial …
Risk assessment procedures – The audit procedures designed and performed to identify and assess the risks of material misstatement, whether due to fraud or error, at the financial report and assertion …
For the audits of public sector entities, “management objectives” may be influenced by requirements to demonstrate public accountability and may include objectives which have their source in law, regulation or other …
If an entity has an internal audit function, enquiries of the appropriate individuals within the function may assist the auditor in understanding the entity and its environment, and the entity’s system of internal control, in the identification and …
In obtaining audit evidence in accordance with paragraph 13 , the auditor shall consider information from: (Ref: Para. A37‒A38) The auditor’s procedures regarding acceptance or continuance of the client relationship or the audit engagement; and When …