Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
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چکیده
.01 This section addresses the auditor's responsibility to design and implement responses to the risks of material misstatement identified and assessed by the auditor in accordance with section 315,Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, and to evaluate the audit evidence obtained in an audit of financial statements. Section 700, Forming an Opinion and Reporting on Financial Statements, addresses the auditor's responsibility to form an opinion on the financial statements based on the evaluation of the audit evidence obtained.
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Performing Audit Procedures in Response to Assessed Risks
.01 This section establishes standards and provides guidance on determining overall responses and designing and performing further audit procedures to respond to the assessed risks of material misstatement1 at the financial statement and relevant assertion levels in a financial statement audit, and on evaluating the sufficiency and appropriateness of the audit evidence obtained. In particular, ...
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