119 paragraphs found
The auditor’s enquiries of appropriate individuals within the internal audit function help the auditor obtain an understanding of the nature of the internal audit function’s responsibilities. If the auditor determines that the function’s responsibilities …
This appendix provides further considerations relating to understanding the entity’s internal audit function when such a function exists. Objectives and Scope of the Internal Audit Function The objectives and scope of an internal audit function, the …
The auditor is required to determine whether information obtained from the auditor’s previous experience with the entity and from audit procedures performed in previous audits remains relevant and reliable, if the auditor intends to use that information …
Professional scepticism is necessary for the critical assessment of audit evidence, and a robust and open engagement team discussion, including for recurring audits, may lead to improved identification and assessment of the risks of material misstatement. …
When the auditor intends to use information obtained from the auditor’s previous experience with the entity and from audit procedures performed in previous audits, the auditor shall evaluate whether such information remains relevant and reliable as audit …
Risks of material misstatement are identified and assessed by the auditor in order to determine the nature, timing and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence. This evidence enables the auditor to …
… This Auditing Standard also applies, as appropriate, to an audit …
Information gathered by performing risk assessment procedures is used as audit evidence to provide the basis for the identification and assessment of the risks of material misstatement. For example, the audit evidence obtained when evaluating the design …
… This Auditing Standard is operative for financial reporting … on or after 15 December 2021. Early adoption of this Auditing Standard is permitted prior to this date. …