The auditor may also decide to communicate key audit matters for other entities, including those that may be of significant public interest, for example because they have a large number and wide range of stakeholders and considering the nature and size of …

ASA 210 requires the auditor to agree the terms of the audit engagement with management and those charged with governance, as appropriate, and explains that the roles of management and those charged with governance in agreeing the terms of the audit …

Considerations specific to public sector entities …

Listed entities are not common in the public sector.  However, public sector entities may be significant due to size, complexity or public interest aspects.  In such cases, an auditor of a public sector entity may be required by law or regulation or may …

Responsibilities for the Financial Report (Ref: Para.  33–34 ) …

ASA 200 explains the premise, relating to the responsibilities of management and, where appropriate, those charged with governance, on which an audit in accordance with Australian Auditing Standards is conducted. [33]   Management and, where appropriate, …

The entity’s use of IT and the nature and extent of changes in the IT environment may also affect the specialised skills that are needed to assist with obtaining the required understanding. …

There may be circumstances when it is appropriate for the auditor to add to the descriptions of the responsibilities of management and those charged with governance in paragraphs  34–35 to reflect additional responsibilities that are relevant to the …

ASA 210 requires the auditor to agree management’s responsibilities in an engagement letter or other suitable form of written agreement. [34]   ASA 210 provides some flexibility in doing so, by explaining that, if law or regulation prescribes the …

In some jurisdictions, law or regulation prescribing management’s responsibilities may specifically refer to a responsibility for the adequacy of accounting books and records, or accounting system.  As books, records and systems are an integral part of …