Artículo 24. Factors Relevant to Identifying Significant Risks

.70 To determine whether an identified and assessed risk is a significant risk, the auditor should evaluate whether the risk requires special audit consideration because of the nature of the risk or the likelihood and potential magnitude of misstatement related to the risk. Note: The determination of whether a risk of material misstatement is a significant risk is based on inherent risk, without regard to the effect of controls. .71 Factors that should be evaluated in determining which risks are significant risks include: The effect of the quantitative and qualitative risk factors discussed in paragraph .60 on the likelihood and potential magnitude of misstatements; Whether the risk is a fraud risk; Note: A fraud risk is a significant risk. Whether the risk is a fraud risk; Note: A fraud risk is a significant risk. Whether the risk is related to recent significant economic, accounting, or other developments; The complexity of transactions; Whether the risk involves significant transactions with related parties; The degree of complexity or judgment in the recognition or measurement of financial information related to the risk, especially those measurements involving a wide range of measurement uncertainty; and Whether the risk involves significant unusual transactions.