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ASA 501 - Audit Evidence - Specific Considerations for Inventory and Segment Information - October 2009
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Segment Information
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The auditor shall obtain sufficient appropriate audit evidence regarding the presentation and disclosure of segment information in accordance with the applicable financial reporting framework by: (Ref: Para. A26)
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Obtaining an understanding of the methods used by management in determining segment information, and:
(Ref: Para. A27)- Evaluating whether such methods are likely to result in disclosure in accordance with the applicable financial reporting framework; and
- Where appropriate, testing the application of such methods; and
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Performing analytical procedures or other audit procedures appropriate in the circumstances.
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