22 paragraphs found
… and the Conduct of an Audit in Accordance with Australian Auditing Standards . …
… . This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
In view of the matters discussed above, it is generally important that the auditor ascertains from the directors (those charged with governance), at an early stage in the audit, the extent and nature of the discussion and analysis that they intend to …
As the inclusion of discussion and analysis is not required in the financial report for the year of some entities reporting under the Act, the audit of a concise financial report will include procedures to enable the auditor to reach a conclusion on the …
Whilst AASB 1039 requires that the financial statements and the specific disclosures in a concise financial report be consistent with the financial report for the year of the entity, it is recognised that because of the nature of discussion and analysis, …
Where information of a subjective and/or prospective nature is included in the discussion and analysis, either to comment on, or to augment the entity’s financial statements forming part of the concise financial report (for example, a discussion of the …
Section 314(3) of the Act requires the auditor to report on whether the discussion and analysis, if required by AASB 1039 to be included in the concise financial report [1] , complies with the requirements laid down by the Accounting Standard. …
… to Going Concern” has been introduced to the Australian Auditing Standards applicable for financial reporting …
Section 314 of the Act does not require a concise report to include the directors’ declaration made under section 295(4) of the Act in respect of the financial report for the year. Consequently, where the directors of an entity decide to include the …