What types of information does AS 2110 suggest the auditor should consider when obtaining an understanding of the company and its environment?
DISCUSSION QUESTIONS The following are concepts discussed in Chapter 8 and this chapter: 1. Preliminary judgment about materiality7. Estimated total misstatement in a segment2. Control risk 8. Planned detection risk3. Risk of fraud 9. Estimate of the combined misstatement4. Inherent risk 10. Significant risk5. Risk of material misstatements 11. Acceptable audit risk6. Known misstatement 12. […]