Auditor should determine the and the timing of the audit report

How do you determine the nature timing and extent of audit procedures?
The extent of an audit procedure is determined by the judgment of the auditor after considering the tolerable misstatement, the assessed risk of ma- terial misstatement, and the degree of assurance the auditor plans to obtain..
How is the date of auditor's report determined?
The date of the auditor's report indicates the date of the completion of the audit, which is the date on which the auditor has obtained sufficient appropriate audit evidence to be able to draw conclusions on which to base the auditor's opinion on the financial statements..
How is the date of auditors report determined?
(c) “Date of the auditor's report” is the date selected by the auditor to date the report on the financial statements.
The auditor's report is not dated earlier than the date on which the auditor has obtained sufficient appropriate audit evidence on which to base the opinion on the financial statements..
Should the auditor consider the nature extent and timing?
Nature, timing, and extent are all factors that should be considered when the audit team plans their procedures to gather evidence.
Nature relates to the type of test that will be performed (observation, confirmation, reconciliation).
Timing refers to when the test will be performed (interim or at year-end)..
Should the auditor establish an overall audit strategy that sets the scope timing and of the audit?
The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan..
What is nature extent and timing of audit procedures?
Nature relates to the type of test that will be performed (observation, confirmation, reconciliation).
Timing refers to when the test will be performed (interim or at year-end).
Extent relates to the amount of testing that will be performed (10 samples or 30 samples)..
What is overall audit strategy timing?
Overall audit strategy sets the scope, timing and direction of the audit, and guides the development of the more detailed audit plan.
The auditor shall establish an overall audit strategy that sets the scope, timing and direction of the audit, and that guides the development of the audit plan..
What is the minimum time frame for which the auditor should retain audit documentation?
14 The auditor must retain audit documentation for seven years from the date the auditor grants permission to use the auditor's report in connection with the issuance of the company's financial statements ( report release date), unless a longer period of time is required by law..
What is the timing of an audit?
A6 Timing of an audit procedure refers to when it is performed or the period or date to which the audit evidence applies..
What is the timing of the audit procedure?
A6 Timing of an audit procedure refers to when it is performed or the period or date to which the audit evidence applies. .
A7 Extent of an audit procedure refers to the quantity to be performed (for example, a sample size or the number of observations of a control activity). ..
When should the date of the auditor's report be?
The auditor should date the audit report no earlier than the date on which the auditor has obtained sufficient appropriate evidence to support the auditor's opinion.
Paragraph . 05 describes the procedure to be followed when a subsequent event occurring after the report date is disclosed in the financial statements..
Who prepares the audit report?
The auditor prepares the report after taking into account the provisions of the Companies Act, the accounting standards and auditing standards.
Also, he lays the report before the company in the annual general meeting..
Why is timing important in auditing?
Answer and Explanation: The timing of the execution of the audit plan is important to complete the audit process on time.
It also helps the auditor obtain sufficient evidence.
A6 Timing of an audit procedure refers to when it is performed or the period or date to which the audit evidence applies. .
A7 Extent of an audit procedure refers to the quantity to be performed (for example, a sample size or the number of observations of a control activity). .
Nature, timing, and extent are all factors that should be considered when the audit team plans their procedures to gather evidence.
Nature relates to the type of test that will be performed (observation, confirmation, reconciliation).
Timing refers to when the test will be performed (interim or at year-end).
Office audits are usually initiated within one year of the taxpayer filing their tax return, and when responded to promptly, the total audit process can usually be completed within three to six months.
Paragraph 7(a) of ISA 220 defines the engagement partner as “the partner or other person in the firm who is responsible for the audit engagement and its performance, and for the auditor's report that is issued on behalf of the firm, and who, where required, has the appropriate authority from a professional, legal or
The auditor should date the report no earlier than the date of approval of the financial statements.
This involves deciding on when the work necessary to support the opinion on the financial statements has been completed, however, the auditor may not yet have fulfilled all responsibilities related to the audit.
The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan.
The extent of an audit procedure is determined by the judgment of the auditor after considering the tolerable misstatement, the assessed risk of ma- terial misstatement, and the degree of assurance the auditor plans to obtain.

.01 The auditor should date the audit report no earlier than the date on which the auditor has obtained sufficient appropriate evidence to support the ,An auditor is required to determine the ____ of his audit procedures according to the requirements of Standards of Auditing.
While framing an audit plan auditor ,Nature and Timing of Report or other Communications: The auditor should determine the time and form of audit.
It enables the auditor to allocate work between team members and complete the work on schedule.,Q.
Auditor should determine the ______ and the timing of the audit report.
A.
Nature.
B.
Actual.
C.
Nature & actual.
D.
Form.
Answer» D.
Form ,The auditor should determine the time and form of audit.
It enables the auditor to allocate work between team members and complete the work on schedule.

What should an auditor consider when performing an audit?

,(Ref: par,A17)

11 The auditor should plan the nature, timing, and extent of direction and supervision of engagement team members and the review of their work

,(Ref: par,A18–,A19)

12 The auditor should consider whether specialized skills are needed in performing the audit

When does an auditor test a control?

When the auditor tests controls particular time, the auditor may obtain audit evidence that the controls erated effectively only at that time

However, when the auditor tests throughout a period, the auditor may obtain audit evidence of the effectiveness of the operation of the controls during that period

Why do auditors design and perform further audit procedures?

07 The auditor should design and perform further audit procedures nature, timing, and extent are responsive to the assessed risks of misstatement at the relevant assertion level

The purpose is to provide a linkage between the nature, timing, and extent of the auditor's further procedures and the risk assessments

Auditor should determine the and the timing of the audit report

How do you determine the nature timing and extent of audit procedures?

How is the date of auditor's report determined?

How is the date of auditors report determined?

Should the auditor consider the nature extent and timing?

Should the auditor establish an overall audit strategy that sets the scope timing and of the audit?

What is nature extent and timing of audit procedures?

What is overall audit strategy timing?

What is the minimum time frame for which the auditor should retain audit documentation?

What is the timing of an audit?

What is the timing of the audit procedure?

When should the date of the auditor's report be?

Who prepares the audit report?

Why is timing important in auditing?

What should an auditor consider when performing an audit?

When does an auditor test a control?

Why do auditors design and perform further audit procedures?