34 paragraphs found
[Aus] Illustration 4A of Appendix 2 is an example of an auditor’s report containing a disclaimer of opinion, when the auditor has not obtained sufficient appropriate audit evidence regarding the appropriateness of the management’s use of the going concern …
Audit procedures that are relevant to the requirement in paragraph 16 may include the following: Analysing and discussing cash flow, profit and other relevant forecasts with management. Analysing and discussing the entity’s latest available interim …
[Aus] Illustrations 2A and 3A of Appendix 2 are examples of auditor’s reports containing qualified and adverse opinions, respectively, when the auditor has obtained sufficient appropriate audit evidence regarding the appropriateness of the management’s …
If events or conditions have been identified that may cast significant doubt on the entity’s ability to continue as a going concern but, based on the audit evidence obtained the auditor concludes that no material uncertainty exists, the auditor shall …
An auditor is required under the Corporations Act 2001 [*] (the Act) to notify the Australian Securities and Investments Commission (ASIC) if the auditor, when conducting an audit, becomes aware of certain circumstances specified in the Act. ASIC [#] …
It is not the auditor’s responsibility to rectify the lack of analysis by management. In some circumstances, however, the lack of detailed analysis by management to support its assessment may not prevent the auditor from concluding whether management’s …
… relevant period as defined in paragraph Aus 13.2 of this Auditing Standard, which may be the same or may differ from …
When the use of the going concern basis of accounting is not appropriate in the circumstances, management may be required, or may elect, to prepare the financial report on another basis (e.g., liquidation basis). The auditor may be able to perform an …
Paragraph 22 establishes the minimum information required to be presented in the auditor’s report in each of the circumstances described. The auditor may provide additional information to supplement the required statements, for example to explain: That …
When the financial report is prepared in accordance with a fair presentation framework, the auditor’s evaluation as to whether the financial report achieves fair presentation includes the consideration of the overall presentation, structure and content of …