In preparation for the AGM the auditor may consider the particular circumstances of the entity, matters which the members may be interested in, and the matters communicated in the auditor’s report. Appendix 1 includes some examples of the types of …

The following principles may be followed when planning on how to respond to questions: Responses ought to be factual, precise, and based on requirements under relevant legislation, technical standards and ethical standards; [12] and Questions not relevant …

In response to any question at the AGM, the auditor may set the context within which the auditor’s response is provided by explaining key aspects of an audit which include: The auditor conducts an audit in accordance with Australian Auditing Standards, as …

In accordance with section 250T(1) of the Act the auditor may receive questions relevant to the conduct of the audit, the preparation and content of the auditor’s report, the accounting policies adopted by the company in relation to the preparation of the …

If a member asks a question that has been previously addressed by the auditor, the chair of the AGM may respond that the question has previously been addressed and not refer this to the auditor. If the question is referred to the auditor, the auditor may …

The auditor may respond to questions about auditor independence with reference to the Act, [14] Australian Auditing Standards and relevant ethical requirements. [15] Where an individual auditor or an audit firm or audit company has prepared a written …

ASA 200 requires the auditor to plan and perform an audit by exercising professional judgement and with an attitude of professional scepticism recognising that circumstances may exist that cause the financial report to be materially …

In accordance with ASA 300 [16] the auditor exercises professional judgement to assess audit risk and to design audit procedures to ensure audit risk is reduced to an acceptable level. The auditor’s assessment of risk requires as prerequisites both a …

It is possible that members may not be familiar with the relevant statutory requirements governing an audit of a financial report. Responses to questions at an AGM provide an opportunity to inform members of the requirements mandated by Australian …

Questions which relate to specific audit procedures and/or in relation to specific parts of the financial report are addressed by reference to the fact that the auditor’s report relates to the financial report taken as a whole. In this context, it may not …