Use of Objectives to Determine Need for Additional Audit Procedures (Ref: Para. 21(a)) …

The requirements of the Australian Auditing Standards are designed to enable the auditor to achieve the objectives specified in the Australian Auditing Standards, and thereby the overall objectives of the auditor.  The proper application of the …

Use of Objectives to Evaluate Whether Sufficient Appropriate Audit Evidence Has Been Obtained (Ref: Para. 21(b)) …

The auditor is required to use the objectives to evaluate whether sufficient appropriate audit evidence has been obtained in the context of the overall objectives of the auditor.  If as a result the auditor concludes that the audit evidence is not …

Complying with Relevant Requirements Relevant Requirements (Ref: Para. 22) …

ASA 330 requires the auditor, based on the audit procedures performed and the audit evidence obtained, to evaluate whether the assessments of the risks of material misstatement at the assertion level remain appropriate. [21]   This evaluation is primarily …

Examples of exceptional circumstances that may arise and that may bring into question the auditor’s ability to continue performing the audit include: The entity does not take the appropriate action regarding fraud that the auditor considers necessary in …

ASA 580 [25] establishes requirements and provides guidance on obtaining appropriate representations from management and, where appropriate, those charged with governance in the audit.  In addition to acknowledging that they have fulfilled their …

In some cases, an Auditing Standard (and therefore all of its requirements) may not be relevant in the circumstances.  For example, if an entity does not have an internal audit function, nothing in ASA 610 [28] is …

Within a relevant Auditing Standard, there may be conditional requirements. Such a requirement is relevant when the circumstances envisioned in the requirement apply and the condition exists. In general, the conditionality of a requirement will either be …