SA 700

SECTION
Auditor’s Responsibilities for
the Audit of the Financial
Statements

This section shall

# ¥ STATE the Further Also shall

objective
Raaut # ¥ Mstaut Et Hoff
Objective Reasonable assurance Misstatement State that Describe an Audit Communication with TCWG Listed entities SA 701

Objectives of the
auditor are to
high level of assurance, that
misstatements
can
| Professional Judgement and
Professional Skepticism
By stating that Auditor communicates with
TCWG
Statement
FIFTY
:#
Effie
For audits of financial

Obtain reasonable assurance
about whether the financial
statements as a whole are free
from material
Issue an auditor’s report that
includes the auditor’s opinion.
Art
are
statements of
listed entities and other Entities
For which KAM
arise communicated in accordance
from fraud or error with
but is not a guarantee that an Auditor’s responsibility are auditor has complied with and communicate with them all and where applicable, related
SA 701
audit conducted auditor exercises Planned, scope and timing Significant findings Significant deficiencies in IC relevant ethical requirements relationships and other matters safeguards
in accordance with SAs will professional judgment and regarding independence that may reasonably
always detect a material maintains professional - # be thought to bear on the
COMPLIED
misstatement when it exists Considered Material Definition skepticism 260 265 auditor’s independence
AO Identify and assess the ROMM Design and perform AP Obtain Audit evidence Understanding the IC Evaluate Conclude
-

→
misstatement, whether due to throughout the audit. Safeguards State that
NEFF
=
-
-
- -

fraud or error; RA guarantee COMMUNICATE

¥t{
RAISE
MIS HE
Mst -
Material if, individually or in the
aggregate, they could
Provide a
definition
- mat @
Appropriateness Reasonableness appropriateness of Based on Audit Evidence
Relation
ship
x Omenmalln '

TCWG
at £
from the matters communicated
management’s use of the going
Him "
• "
reasonably be expected to framework. with those charged with
TIFFEE
a
:*
"

concern tsneatamomnmnotdtnttow
aadelnmgia.gg#nEEana influence the economic governance, the auditor
decisions of users taken on the at determines those matters that
taut MU Exists ¥ Matters
basis of these fi nancial AP AE related disclosures by Mgt whether a material uncertainty were of
Fast at most
significance
statement exists related to ek most significance
# at
in the audit of the financial
f
That
events or conditions that may
man -

statements of the current

cast
cast signifi cant doubt on the
entity’s ability to continue as a significant Doubt on
period and are therefore the
Continue key audit matters.
-

to
going entity 's Ability .

concern. as a
Going concern