Confirm that the following are adequately documented:
(i) The discussion among the engagement team regarding the
susceptibility of the entity’s financial statements to material
misstatement due to error or fraud, and the significant decisions
reached; ISA(UK&I)315(122)ISA(UK&I)240(107)
(ii) Key elements of the understanding obtained regarding each of the
aspects of the entity and its environment identified in paragraph
20, including each of the internal control components identified in
paragraph 43, to assess the risks of material misstatement of the
financial statements; the sources of information from which the
understanding was obtained; and the risk assessment procedures;
ISA(UK&I)315(122) ISA(UK&I)240(107)
(iii) The identified and assessed risks of material misstatement at the
financial statement level and at the assertion level;
ISA(UK&I)240(107)
(iv) If we have concluded that the presumption that there is a risk of
material misstatement due to fraud related to revenue recognition
is not applicable in the circumstances of the engagement, we must
document the reasons for that conclusion. ISA(UK&I)240(110)
(v) The risks identified and related controls evaluated.
ISA(UK&I)315(122) and
(vi) Our overall responses to the assessed risks of material
misstatements due to fraud at the financial statement level and the
nature, timing and extent of audit procedures, and the linkage of
those procedures with the assessed risks of material misstatement
due to fraud at the assertion level; and the results of the audit
procedures, including those designed to address the risk of
management override of controls. ISA(UK&I)330(73)
ISA(UK&I)240(108)