controls to mitigate


responsibility for establishing and maintaining the entity’s system, including identifying the risks that threaten achievement of the identifiedcontrol objectives,and designing,implementing and maintaining controls to mitigatethose risks, including the risk of fraud, so that those riskswill not prevent achievement of the control objectives and therefore that the identifiedcontrol objectives will be achieved


has disclosed to the assurance practitioner any of the following of which it is awaremay be relevant to the engagement:

  • deficiencies in the design of controlsto achieve the identified control objectives
  • uncorrected misstatements, including omissions,in the description of the system
  • deficiencies in the implementation of controls as designed;
  • instances where controls have not operated effectivelyas designed,including instances of non-compliance or suspected non-compliance with laws and regulations, fraud or suspected fraud;
  • any events subsequent to the period covered by the assurance practitioner’s reportup to the date of the assurance report that could have a significant effect on the assurance practitioner’s report; and
  • The identity of any third parties who operate controls on behalf of the entity, which form part of the system, and whether the carve-out method or inclusive method has been used in the description in relation to those controlsand related control objectives.
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Subsequent Events

Assurance procedures required to be conducted under ASAE3000,37to identify all matters up to the date of the assurance report that may have caused the assurance practitioner to amend the assurance report onthe design and/or description,implementation or operating effectiveness of controls,shall include enquiry as towhether the responsible party is aware of any events subsequent to the period covered by the assurance engagementup to the date of the assurance practitioner’s report that mayhave caused the assurance practitionerto amend theassurance report. If the assurance practitioner is aware of such an event, remedial action is either not taken or is not effective in mitigating the impact on the assurance conclusion and information about that event is not disclosed by the responsible party, the assurance practitioner shall disclose the subsequent eventin the assurance practitioner’s report. If the eventmay impact the assurance conclusion, the assurance practitioner shall gather further evidence sufficient to determinewhether the assurance conclusion remains appropriate or a modifiedassurance conclusion is required.

Whenany documents,that the assurance practitioner is aware of will contain the assurance practitioner’s report on controls, alsoinclude other information, the assurance practitioner shall read thatother informationand respond to any material inconsistencies identified with the entity’s systemor an apparent misstatement of fact

Forming the Assurance Conclusion

The assurance practitioner shall evaluate the sufficiency and appropriateness of the evidence obtained in the context of the engagement and,if necessary, attempt to obtain further evidence. If the assurance practitioner is unable to obtain necessary further evidence, the assurance practitioner shall consider the implications for the assurance practitioner’s conclusionin accordance .

The assurance practitioner shall qualifytheir conclusion if the possible effects of undetected misstatements, deficiencies or deviations due to an inability to obtain sufficient appropriate evidence could be material, and shall disclaim their conclusion if the possible effects could be both material and pervasive.

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The assurance practitioner shall identify any compensating or indirect controls which may mitigate the deficiencies or deviations identifiedand impact on the evaluation of material deficiencies or deviations.


The assurance practitioner shallassess the impact of uncorrected deficiencies in the design,misstatements in the description,deficiencies in the implementation or deviations in operating effectiveness of controls, which are material individuallyor in combination, onthe assurance practitioner’s conclusion onthe suitability of the design of the controls, and/or fair presentation of the description, implementation as designed or operating effectiveness of controls. If the deficiencies or deviations identified

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