40 paragraphs found
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] …
In particular, the RSE licensee is required to provide the RSE auditor with access to their Risk Management Framework (RMF) documents, as outlined in SPS 220 Risk Management , including the annual Risk Management Declaration as approved and signed by …
The RSE auditor and the RSE licensee agree on the terms for each discrete engagement as outlined under SPS 310, paragraph 19. Such terms may be detailed in one engagement letter or other suitable form of written contract. The RSE auditor has regard to …
Whilst conducting the audit of a RSE and associated RSE licensee, the RSE auditor may have other regulatory obligations that stem from the RSE licensee’s other financial services regulatory requirement. The RSE auditor should ensure there is a …
See ASA 450 Evaluation of Misstatements Identified during the Audit , paragraphs 10 and 11 . …
RSE auditor means an independent auditor(s) appointed by the RSE licensee to meet the prudential reporting requirements under SPS 310. Under SPS 310, it is possible for the RSE licensee to have more than one RSE auditor at any time, and for an RSE …
The RSE auditor has regard to the requirements and guidance provided in ASA 210 Agreeing the Terms of Audit Engagements when completing the engagement …
Reasonable assurance procedures for obtaining audit evidence include, but are not limited to, testing of specific controls aimed at ensuring the data in the APRA annual returns is reliable and prepared in accordance with APRA Prudential Standards and …
… regulatory requirements imposed on RSE auditors, relevant Auditing and Assurance Standards Board (AUASB) Standards are …
In the case of the RSE licensee whose business operations include one or more small APRA funds (SAFs), the RSE licensee may engage the RSE auditor to prepare a single auditor’s report covering some or all of the SAFs within its business operations, …