26 paragraphs found
… The nature of the risk and assertion is relevant to the design of tests of details. … tests of details related to the existence or occurrence assertion may involve selecting from items contained in a … other hand, tests of details related to the completeness assertion may involve selecting from items that are expected …
… certain audit procedures may be more appropriate for some assertions than others. For example, in relation to … to the assessed risk of misstatement of the completeness assertion, whereas substantive procedures may be most … to the assessed risk of misstatement of the occurrence assertion. …
… may provide relevant audit evidence relating to certain assertions, there are some assertions for which external confirmations provide less …
… The auditor’s assessment of the identified risks at the assertion level provides a basis for considering the … the assessed risk of material misstatement for a particular assertion; Performing only substantive procedures is appropriate for particular assertions and, therefore, the auditor excludes the effect …
… or detecting and correcting, material misstatements at the assertion level. …
… to the assessed risks of material misstatement at the assertion level provides a clear linkage between the …
… assessment of risks of material misstatement at the assertion level includes an expectation that the controls … cannot provide sufficient appropriate audit evidence at the assertion level. (Ref: Para. A20-A24) …
… or detect and correct, a material misstatement in an assertion. If substantially different controls were used at …
… audit evidence as to a material financial report assertion, the auditor shall attempt to obtain further audit …
… requests for information relevant to other financial report assertions. Such considerations may influence the auditor’s …