WebEvaluating the Sufficiency and Appropriateness of Audit Evidence (Ref: Para. 25-27) CAS 330.A60 An audit of financial statements is a cumulative and iterative process. As the auditor performs planned audit procedures, the audit evidence obtained may cause the auditor to modify the nature, timing or extent of other planned audit procedures. WebExamining journal entries and other adjustments for evidence of possible material misstatement due to fraud (AS 2401.58-.62); ... The extent to which audit evidence is obtained from tests of other controls related to the assertion; The nature of the control, including, in particular, whether it is a manual control or an automated control; and ...
The New Audit Documentation Requirements - Journal of Accountancy
WebNov 15, 2007 · .89 The auditor should date the audit report no earlier than the date on which the auditor has obtained sufficient appropriate evidence to support the auditor's opinion. Because the auditor cannot audit internal control over financial reporting without also auditing the financial statements, the reports should be dated the same. WebAn audit of financial statements is a cumulative process; as the auditor performs planned auditing procedures, the evidence obtained may cause him or her to modify the nature, timing, and extent of other planned procedures. johanssons country screening approach
INTERNATIONAL STANDARD ON AUDITING 505 EXTERNAL …
WebThe following ï¬ ve factors that influence the reliability of audit evidence are taken from ISA 500 Audit Evidence: (i) Audit evidence is more reliable when it is obtained from independent sources outside the entity. (ii) Audit evidence that is generated internally is more reliable when the related controls imposed by the entity are ... WebThe audit was conducted pursuant to authority derived from the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984, as amended, 53 P.S. § 895.402(j)),which requires the Auditor General, as deemed necessary, to audit every municipality which receives general municipal pension system tate aid s Webthe audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements. Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the standalone financial statements of the current period. johanson technology west coast