40 paragraphs found
The RSE auditor accepts the engagement only when the RSE auditor is satisfied that the RSE auditor and the engagement team, if applicable, have met the relevant ethical requirements relating to the assurance engagement. The concept of independence is …
Where audit evidence over relevant assertions is to be obtained from either a Type 1 or Type 2 service organisation auditor's report under ASA 402 , the RSE auditor needs to: evaluate the service auditor's professional competence and independence from the …
Where audit evidence relating to controls design, implementation and operating effectiveness is to be obtained from either a Type 1 or Type 2 service organisation auditor's report under ASA 402 , the RSE auditor needs to: determine whether complementary …
In performing the audit on the compliance requirements as specified above in paragraph 71 and reported under Part 2 - Independent Auditor’s Reasonable Assurance report on APRA Annual Return and Compliance: Part (B) Compliance, the RSE auditor is required …
The RSE auditor obtains sufficient appropriate audit evidence [17] as part of a systematic process, that includes: obtaining an understanding of the specified APRA annual returns and individual data items included in these annual returns (subject matter), …
ASA 320 Materiality in Planning and Performing an Audit may provide useful guidance in applying materiality for engagements under ASA 805 , ASAE 3000 and ASAE 3100 …
As part of the limited assurance engagement on compliance with the RMF, the RSE auditor may seek the following types of information and documentation: Copies of the RMF documents that set out the RSE licensee’s RMF during the period. Details of changes to …
The RSE auditor generally adopts a ‘top down’ approach in gathering evidence, by making enquiries of key personnel, observing the RSE licensee’s operations, performing ‘walk through’ tests of controls, obtaining written representations and inspecting …
ASA 805 , ASRE 2405 , ASAE 3000 and ASAE 3100 [12] require the RSE auditor to obtain an understanding of the entity and its environment and identify and assess the risk of material misstatement or compliance breach in order to plan the engagement. In …