31386 paragraphs found
The Australian Auditing Standards are relevant to engagements in the public sector. The public sector auditor’s responsibilities, however, may be affected by the audit mandate, or by obligations on public sector entities arising from law, regulation or …
In addition to objectives and requirements (requirements are expressed in the Australian Auditing Standards using “shall”), an Auditing Standard contains related guidance in the form of application and other explanatory material. It may also contain …
Where necessary, the application and other explanatory material provides further explanation of the requirements of an Auditing Standard and guidance for carrying them out. In particular, it may: Explain more precisely what a requirement means or is …
Appendices form part of the application and other explanatory material. The purpose and intended use of an appendix are explained in the body of the related Auditing Standard or within the title and introduction of the appendix …
Introductory material may include, as needed, such matters as explanation of: The purpose and scope of the Auditing Standard, including how the Auditing Standard relates to other Auditing Standards. The subject matter of the Auditing Standard. The …
An Auditing Standard may include, in a separate section under the heading “Definitions,” a description of the meanings attributed to certain terms for purposes of the Australian Auditing Standards. These are provided to assist in the consistent …
When appropriate, additional considerations specific to audits of smaller entities and public sector entities are included within the application and other explanatory material of an Auditing Standard. These additional considerations assist in the …
For purposes of specifying additional considerations to audits of smaller entities, a “smaller entity” refers to an entity which typically possesses qualitative characteristics such as: Concentration of ownership and management in a small number of …