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Audit evaluation, completion and reports (Other (Non assurance (Agreed…

- - - - Otherwise any other person by isre 2400
        
        Limited assurance
  - - - To audit level 1 or 2 report on company’s controls
  - - - How would look rather
  - - - Isrs 4400
    - - Isre 4410
- - - - Have to get an idea of company
        
        Are the results in line with the auditor’s idea of a company
      - 🥅 is to get the difference
- - - - Fs
      - Completeness of info to auditor
      - Will get as supporting, as it is not solely applicable
        
        But dhould not be contradicting
  - - - Will be s romm st fs level
        
        May withdraw
        
        Unless RI
- - - - Amount
      - Classification
        
        Even if net is 0
      - Disclosure and presentation
      - Materiality
        
        Final materiality
        
        Planning materiality based on concept statements
        
        Final is based on real statements where there have been misstatements
        
        More reliable
        
        Cancelling out of misstatements not always practical
        
        Like assets vs liabilities
        
        Think of previous misstatements
        
        Under the materiality figure
        
        Will carry over to this year
        
        Will it still exist??
        
        1 more item...
        
        If it has effect and is still there,
        
        1 more item...
        
        Isa 450 schedule of unadjusted misstatements
        
        Individual and in aggregate compare to final materiality figure
        
        Debit and credit
        
        Estimates 540 A116
        
        Judgemental
        
        Closest to managements estimate
        
        1 more item...
    - - If management decides not to fix misstatement
        
        May lead to modified opinion
        
        Basis for qualified opinion
        
        Applicable ifrs
        
        Manner in which dealt with specific items of the ifrs
- - - - Can be held liable if there are losses if prepared on wrong basis
  - - - To disclose whether there is uncertainty on going concern
    - - Should gather appropriate and sufficient evidence on whether this is the case
      - Should include in report if management didn’t include it
      - During further procedures
        
        Gc basis
        
        Evidence
        
        Material uncertainty and whether that is included in the basis
        
        Very strong evidence against
  - - - Can’t pay debts as becomes payable
        
        💰 effect
    - - Fair value of assets doesn’t exceed liabilities
  - - - Turn condition into procedures
  - - - Report going concern or should go through liquidation
- - - - Date of report
        
        Date published
- - - - Differs from management?
- - - - No kams
- - - - As he shouldn’t be associated with false info
- - - - 0,5-1 revenue
      - 1-2 gross profit
      - 5-10 pbt
      - 2-5 equity
      - 1-2 assets
- - - - Fs issued