31386 paragraphs found
In light of the approaches described in paragraph A51, the Australian Auditing Standards contain requirements for the planning and performance of the audit and require the auditor, among other things, to: Have a basis for the identification and …
In the case of certain assertions or subject matters, the potential effects of the inherent limitations on the auditor’s ability to detect material misstatements are particularly significant. Such assertions or subject matters include: Fraud, …
Because of the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial report may not be detected, even though the audit is properly planned and performed in accordance with Australian Auditing …
The Australian Auditing Standards, taken together, provide the standards for the auditor’s work in fulfilling the overall objectives of the auditor. The Australian Auditing Standards deal with the general responsibilities of the auditor, as well as the …
The scope, effective date and any specific limitation of the applicability of a specific Auditing Standard is made clear in the Auditing Standard. Unless otherwise stated in the Auditing Standard, the auditor is not permitted to apply an Auditing …
In performing an audit, the auditor may be required to comply with legal or regulatory requirements in addition to the Australian Auditing Standards. The Australian Auditing Standards do not override law or regulation that governs an audit of a financial …
The auditor may also conduct the audit in accordance with both Australian Auditing Standards and auditing standards of a specific jurisdiction or country. In such cases, in addition to complying with each of the Australian Auditing Standards relevant to …