40 paragraphs found
Material findings (misstatements, control deficiencies and noncompliance) are reported to APRA and the RSE licensee’s Board (or Board Audit Committee) as modifications to the RSE auditor’s approved form …
APRA expects the RSE auditor to consider each compliance requirement contained in paragraph 19(a)(iii) of SPS 310 individually when applying materiality considerations to form an audit …
… the RSE auditor is required to comply with all Australian Auditing Standards relevant to a reasonable assurance …
This Guidance Statement is issued on 30 January 2014 by the AUASB and replaces GS 002 Special Considerations in the Audit of Risk Management Requirements for Registrable Superannuation Entities and Licencees , issued in …
The RSE auditor is required to modify the opinion contained in the auditor’s report for breaches of any provisions which, in the RSE auditor’s professional opinion, are material. In forming an opinion as to whether a breach is material, the RSE auditor …
Matters or instances of noncompliance under section 129 of the SIS Act refer not only to past and present matters or instances but also reasonably possible future matters or instances that the RSE auditor may become aware of whilst conducting an audit or …
Under section 130A of the SIS Act, the RSE auditor may give to APRA information about the entity or a trustee of the entity obtained in the course of, or in connection with the performance of the audit, if the RSE auditor considers that giving the …
Under SPS 310, the RSE licensee is furthermore required to ensure that the RSE auditor has access to all relevant data, information, reports and staff of the RSE licensee, that the RSE auditor reasonably believes is necessary to fulfil their …
Interpretation of the word ‘reliable’ in the context of limited assurance on controls over the RSE licensee’s APRA Annual Returns has practical limitations in some circumstances. For many RSE licensee’s, it is only at the financial yearend (or for RSE …
… examples of reports provided in relevant AUASB Standards – Auditing Standards, ASREs and ASAEs, as applicable, when …