31386 paragraphs found
See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards , paragraph A52 …
The objectives of the auditor are: Irrespective of whether the applicable financial reporting framework establishes related party requirements, to obtain an understanding of related party relationships and transactions sufficient to be able: To recognise …
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
Arm’s length transaction means a transaction conducted on such terms and conditions as between a willing buyer and a willing seller who are unrelated and are acting independently of each other and pursuing their own best interests. …
Related party means a party that is either: (Ref: Para. A4‑A7 ) A related party as defined in the applicable financial reporting framework * ; or Where the applicable financial reporting framework establishes minimal or no related party requirements: …
As part of the risk assessment procedures and related activities that ASA 315 and ASA 240 require the auditor to perform during the audit, [7] the auditor shall perform the audit procedures and related activities set out in paragraphs 12‑17 of this …
Understanding the Entity’s Related Party Relationships and Transactions …