isa 315

FINAL ASSESSMENT Which of the following are risk assessment procedures we may perform? Select all that apply. FINAL ASSESSMENT Which of the following are included in the audit documentation when obtaining an understanding of the components of internal control? Select all that apply. observing the implementation of specific controls inspecting documents and reports Key elements of understanding confirming transactions with a third party inquiry of management Evidence of communication with those charged with governance of an overview of the planned scope and timing of the audit substantive analytical procedures Sources of information Materiality Risk assessment procedures performed FINAL ASSESSMENT FINAL ASSESSMENT We are required to obtain an understanding of the control environment. As a part of that understanding, we evaluate whether has created Which of the following are risk assessment procedures we may perfo a culture of employees; acceptance and support observing the implementation of specific controls U inspecting documents and reports staff; appropriate financial reporting confirming transactions with a third party management; honest and ethical behavior inquiry of management substantive analytical procedures management; acceptance and support