Entities operating in the public sector may create and deliver value in different ways to those creating wealth for owners but will still have a ‘business model’ with a specific objective.   Matters public sector auditors may obtain an understanding of …

It may also be necessary for the auditor to consider the implications of communicating about a matter determined to be a key audit matter in light of relevant ethical requirements.  In addition, the auditor may be required by law or regulation to …

The issues considered by the auditor regarding a decision to not communicate a matter are complex and involve significant auditor judgement.  Accordingly, the auditor may consider it appropriate to obtain legal …

Form and Content of the Key Audit Matters Section in Other Circumstances (Ref: Para.  16 ) …

The requirement in paragraph 16 applies in three circumstances: The auditor determines in accordance with paragraph 10 that there are no key audit matters (see paragraph A59 ). The auditor determines in accordance with paragraph 14 that a key audit matter …

The following illustrates the presentation in the auditor’s report if the auditor has determined there are no key audit matters to communicate: Key Audit Matters [Except for the matter described in the Basis for Qualified (Adverse) Opinion section or …

The determination of key audit matters involves making a judgement about the relative importance of matters that required significant auditor attention.  Therefore, it may be rare that the auditor of a general purpose financial report of a listed entity …

ASA 102 [*]  issued by the AUASB requires the assurance practitioner to comply with relevant ethical requirements.  …

Preconditions for Acceptance (Ref: Para.  Aus 13.4 , 13(a) ) …