31386 paragraphs found
See ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements , paragraph A135 …
This objective of the auditor is to prepare documentation that provides: A sufficient and appropriate record of the basis for the auditor’s report; and Evidence that the audit was planned and performed in accordance with Australian Auditing Standards …
For the purposes of the Australian Auditing Standards, a risk of material misstatement exists when there is a reasonable possibility of: A misstatement occurring (i.e., its likelihood); and Being material if it were to occur (i.e., its …
The auditor’s opinion on the financial report deals with whether the financial report is prepared, in all material respects, in accordance with the applicable financial reporting framework. Such an opinion is common to all audits of financial reports. …
Law or regulation may establish the responsibilities of management and, where appropriate, those charged with governance in relation to financial reporting. However, the extent of these responsibilities, or the way in which they are described, may differ …
The preparation of a financial report by management and, where appropriate, those charged with governance requires: The identification of the applicable financial reporting framework, in the context of any relevant laws or regulations. The preparation …