Objectives

5

The objective of the auditor, when applying Australian Auditing Standards in an audit of a single financial statement or of a specific element, account or item of a financial statement, is to address appropriately the special considerations that are relevant to:

  1. The acceptance of the engagement;
  2. The planning and performance of that engagement; and
  3. Forming an opinion and reporting on the single financial statement or on the specific element, account or item of a financial statement.