What types of information does AS 2110 suggest the auditor should consider when obtaining an understanding of the company and its environment?
DISCUSSION QUESTIONS AND PROBLEMS The following are concepts discussed in Chapter 8 and this chapter: 1. Preliminary judgment about materiality7. Estimated total misstatement in a segment 2. Control risk 8. Planned detection risk 3. Risk of fraud 9. Estimate of the combined misstatement 4. Inherent risk 10. Significant risk 5. Risk of material misstatements 11. […]