182 paragraphs found
The RSE auditor’s limited assurance engagement on the compliance with the ORFR strategy may include the following procedures: Reviewing the ORFR strategy to determine at a high level whether it is broadly consistent with the minimum components as outlined …
As part of the limited assurance engagement on compliance with the ORFR strategy, the RSE auditor may seek the following types of information and documentation: Copies of the ORFR strategy document that applied during the period covered by the engagement. …
While the RSE auditor is not expected to review the adequacy of the ORFR (or target amount), during the course of the limited assurance engagement the RSE auditor may become aware of significant deficiencies in the ORFR target amount or policies, …
If APRA has an approved form as specified under SPS 310, the RSE auditor’s limited assurance report must be in the approved form. APRA may under SPS 310 provide approved forms in relation to the reporting requirements under paragraphs 19, 21, 22 and 23 of …
Refer to apra.gov.au website (Superannuation/Reporting Framework) for the latest version of the Prudential Standard SPS 310 Audit and Related Matters – Audit Report Form. This form is reviewed and updated annually as required by …
Prior to issuing the APRA Approved Form audit and review reports on the Annual Returns and Compliance, the RSE auditor obtains written representations, as are considered appropriate to matters specific to the RSE licensee, from the party responsible [22] …
These written representations are generally in the form of a representation letter. In obtaining and using these written representations, the auditor complies with the requirements of, as appropriate, ASA 580 and ASAE 3000 …
It is the responsibility of the RSE auditor to make the RSE licensee aware, as soon as practicable, of any identified material misstatements in RSE licensee APRA annual returns, material deficiencies in internal controls and instances of material …
Such communications are made as soon as practicable, either orally or in writing. The RSE auditor’s decision whether to communicate orally or in writing ordinarily is affected by factors such as the nature, sensitivity and significance of the matter to be …
When, in the RSE auditor’s judgement, TCWG do not respond appropriately within a reasonable period of time, the RSE auditor considers whether to modify the RSE auditor’s approved form …