Search results with tag "Of material misstatement"
CHAPTER 9 Audit Sampling
files.sba.wayne.eduexistence of material misstatement when, in fact, material misstatement does not exist. b. The risk of incorrect acceptance—that is, the possibility that the sample results will cause the auditor to accept the population as free of material misstatement when, …
Understanding the Entity and Its Environment and Assessing ...
us.aicpa.orgc. Determining risks of material misstatement, including significant risks Convergence The ASB has a strategic objective to converge with the International Standards on Auditing (ISAs). Accordingly, SAS No. 145 was developed using ISA 315, Identifying and Assessing the Risks of Material Misstatement (Revised 2019), as the base starting point ...
INTERNATIONAL STANDARD ON AUDITING 240 THE …
www.ifac.orgunderstanding of the entity and its environment, including the entity’s internal control, required by ISA 315,7 the auditor shall perform the procedures in paragraphs 17–24 to obtain information for use in identifying the risks of material misstatement due to fraud. Management and Others within the Entity 17.
INTERNATIONAL STANDARD ON AUDITING 315 …
www.ifac.org343 isa 315 auditing international standard on auditing 315 understanding the entity and its environment and assessing the risks of material misstatement