539 definitions found.
GS 004
Definition
9(f)
Parent Entity of a Level 2 insurance group, under GPS 310 is: where the Level 2 insurance group is headed by an authorised NOHC, the authorised NOHC; and where the Level 2 insurance group is headed by an insurer, the insurer. APRA may, in writing, …
GS 004
Definition
9(g)
Yearly Statutory Accounts, in relation to a body corporate, means the reporting documents [4] that the body corporate is required to lodge with APRA in respect of a financial year, under section 13 of the Financial Sector (Collection of Data) …
GS 010
Definition
18
The auditor may assist the AGM planning process by meeting with the chair of the AGM and those charged with governance in an AGM planning meeting, and/or by having discussions with directors, management, and/or audit committee members, to ascertain …
GS 010
Definition
19
The auditor may discuss the protocol for questions at the AGM with the chair of the AGM prior to the meeting. Usually, the chair of the AGM will communicate to the meeting the protocol for presenting questions and, as a rule, questions are to be addressed …
GS 010
Definition
20
Questions directed to the auditor by the chair of the AGM may not be within the scope of the audit or the auditor’s responsibilities. The auditor may refer such questions back to the chair of the AGM. If the question is about an area where the …
GS 010
Definition
21
If written questions are received before the AGM, the company will pass these questions to the auditor. In best practice, the auditor prepares responses to such questions prior to the meeting. Where written questions have been received, the auditor may …
GS 010
Definition
22
Prior notification of issues enables the auditor to seek professional consultation and/or legal advice if appropriate. However, some members may prefer to reserve questions for the meeting. Adequate planning is imperative to identify areas of potential …
GS 010
Definition
23
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 …
GS 010
Definition
24
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 …
GS 010
Definition
25
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 …