119 paragraphs found
The auditor shall include in the audit documentation: [13] (Ref: Para. A237–A241) The discussion among the engagement team and the significant decisions reached; Key elements of the auditor’s understanding in accordance with paragraphs 19, 21, 22, 24 …
Risk assessment procedures to obtain audit evidence about the design and implementation of identified controls in the control activities component may include: Enquiring of entity personnel. Observing the application of specific controls. Inspecting …
ASA 540 provides further guidance related to accounting estimates about risks for which substantive procedures alone do not provide sufficient appropriate audit evidence. [60] In relation to accounting estimates this may not be limited to automated …
See ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation . …
The components of the entity’s system of internal control for the purpose of this ASA may not necessarily reflect how an entity designs, implements and maintains its system of internal control, or how it may classify any particular component. Entities may …
In other cases, when the auditor plans to take into account the operating effectiveness of controls in determining the nature, timing and extent of substantive procedures in accordance with ASA 330, such controls are also required to be identified because …
The auditor’s identification of risks of material misstatement at the assertion level and assessment of inherent risk may also be influenced by audit evidence obtained by the auditor in performing other risk assessment procedures, further audit procedures …
See ASA 600 Special Considerations—Audits of a Group Financial Report . …
See ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report , paragraph 14 . …