CTHIn ForceLegislation
ASA 501 - Audit Evidence - Specific Considerations for Inventory and Segment Information - October 2009
Segment InformationSegment Information
Start here
Get a plain-English read of Segment Information
Turn the raw legal text into a practical explanation grounded in ASA 501 - Audit Evidence - Specific Considerations for Inventory and Segment Information - October 2009.
###### Segment Information
13. 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)
1. Obtaining an understanding of the methods used by management in determining segment information, and:
(Ref: Para. A27)
1. Evaluating whether such methods are likely to result in disclosure in accordance with the applicable financial reporting framework; and
2. Where appropriate, testing the application of such methods; and
1. Performing analytical procedures or other audit procedures appropriate in the circumstances.
\* \* \*