it is necessary to include an Emphasis of Matter paragraph in the auditor’s report to draw the user’s attention to the financial support/economic dependency note disclosure included in the entity’s financial report; …

This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010 . [Note: For operative dates of paragraphs changed or added by an amending Standard, see Compilation …

the matter is a Key Audit Matter to be communicated in the auditor’s report, in circumstances when the auditor decides to communicate key audit matters in the auditor’s …

In Australia, Commonwealth, State or Territory Auditors-General are responsible for undertaking the majority of public sector audit engagements. Under audit legislation applicable in each jurisdiction, power is vested in the Auditor-General as the person …

For practical reasons, due to the nature and magnitude of statutory responsibilities, individual Auditors-General are unlikely to have the capacity to personally discharge all the duties and functions required to be performed in their name and for which …

Depending on the legislative mandate applicable in the jurisdiction, an Auditor-General may be able to: …

delegate responsibilities to an individual where that individual may be an Audit Office employee or an Audit Service Provider; and/or …

authorise an individual (Audit Office employee or an Audit Service Provider) or firm (Audit Service Provider) to undertake audit functions under the direction of the …

In managing quality at the engagement level, ASA 220 permits the Engagement Partner to assign the design or performance of some procedures, tasks or actions to appropriately skilled or suitably experienced members of the engagement team to assist the …

Where the individual fulfilling the role of Engagement Leader in practice is also signing the audit opinion, practical application of ASA 220 should not be problematic and supplementary guidance provided in this section of the GS may not be …