31386 paragraphs found
The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial report. [1] In general, …
The Australian Auditing Standards contain objectives, requirements and application and other explanatory material that are designed to support the auditor in obtaining reasonable assurance. The Australian Auditing Standards require that the auditor …
The form of opinion expressed by the auditor will depend upon the applicable financial reporting framework and any applicable law or regulation. …
The auditor may also have certain other communication and reporting responsibilities to users, management, those charged with governance, or parties outside the entity, in relation to matters arising from the audit. These may be established by the …
See ASA 320 Materiality in Planning and Performing an Audit , and ASA 450 Evaluation of Misstatements Identified during the Audit …
See, for example, ASA 260 Communication with Those Charged with Governance and paragraph 43 of ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report …
The external auditor has sole responsibility for the audit opinion expressed, and that responsibility is not reduced by the external auditor’s use of the work of the internal audit function on the engagement. Although they may perform audit procedures …
See AASB 101 , Presentation of Financial Statements , paragraph 10. …