539 definitions found.
GS 010
Definition
26
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 …
GS 010
Definition
27
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 …
GS 010
Definition
28
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 …
GS 010
Definition
29
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 …
GS 010
Definition
30
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 …
GS 010
Definition
31
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 …
GS 010
Definition
32
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 …
GS 010
Definition
33
The auditor may find it useful to refer also to ASA 101 [20] which set out how the AUASB Standards are to be understood, interpreted and applied, to explain to members that Australian Auditing Standards contain mandatory requirements relating to the …
GS 010
Definition
34
Members may request the auditor to comment on accounting policies adopted by the entity. When responding to questions on accounting policies the auditors may explain that selection of accounting policies is the responsibility of those charged with …
GS 010
Definition
35
Responses given in respect of questions on internal control may be provided within the context of the financial report audit. The Auditors may refer to the Auditor’s Responsibilities for the Audit of the Financial Report section of the auditor’s report …