ASA 520 Summary Analytical procedures ASA 520 definitions Analytical procedures – definition Means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by […]
Category: Audit
ISA 520 Summary Analytical procedures ISA 520 definitions Analytical procedures – definition Means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by […]
ASA 500 Summary Audit Evidence ASA 500 definitions Accounting records – definition The records of initial accounting entries and supporting records, such as checks and records of electronic fund transfers; invoices; contracts; the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and records […]
ISA 500 Summary Audit Evidence ISA 500 definitions Accounting records – definition The records of initial accounting entries and supporting records, such as checks and records of electronic fund transfers; invoices; contracts; the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and records […]
ISA 320 Summary Materiality in planning and performing an audit ISA 320 definitions Performance materiality – definition Means the amount or amounts set by the auditor at less than materiality for the financial statements as a whole to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds […]