23. u
Materiality
Performance
Immaterial errors added together problem
u
24. u
Materiality
Performance
Immaterial errors added together problem
Lower than overall materiality
u
25. u
Materiality
Performance
Immaterial errors added together problem
Lower than overall materiality
Can vary from area to area
u
26. u
Materiality
Performance
Immaterial errors added together problem
Lower than overall materiality
Can vary from area to area
Revise as audit progresses
u
36. BUSINESS
Understanding
Discuss with Management
Discuss IC with IA
Analytical Procedures (ISA 520)
Observation (visits etc)
37. BUSINESS
Understanding
Discuss with Management
Discuss IC with IA
Analytical Procedures (ISA 520)
Observation (visits etc)
Inspection (manuals, plans & reports)
38. BUSINESS
Understanding
Discuss with Management
Discuss IC with IA
Analytical Procedures (ISA 520)
Observation (visits etc)
Inspection (manuals, plans & reports)