58 paragraphs found
This Auditing Standard deals with the auditor’s responsibility to communicate appropriately to those charged with governance and management deficiencies in internal control [1] that the auditor has identified in an audit of a financial report. This …
The auditor is required to obtain an understanding of internal control relevant to the audit when identifying and assessing the risks of material misstatement. [4] In making those risk assessments, the auditor considers internal control in order to …
Nothing in this Auditing Standard precludes the auditor from communicating to those charged with governance and management other internal control matters that the auditor has identified during the …
See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment , paragraphs 4 and 12 …
See ASA 315, paragraph 12 . Paragraphs A60-A65 provide guidance on controls relevant to the audit. …
In discussing the facts and circumstances of the auditor’s findings with management, the auditor may obtain other relevant information for further consideration, such as: Management’s understanding of the actual or suspected causes of the deficiencies. …
While the concepts underlying control activities in smaller entities are likely to be similar to those in larger entities, the formality with which they operate will vary. Further, smaller entities may find that certain types of control activities are …