38 paragraphs found
… of the auditor beyond those which are imposed by Auditing Standards, Standards on Assurance Engagements …
The FS71 audit report requires a combination of reasonable assurance opinions and limited assurance conclusions on the Licensee’s compliance with prescribed financial requirements and other relevant legislation. The auditor identifies the relevant …
This Guidance Statement is issued on 6 September 2022 by the AUASB and replaces GS 003 Audit and Review Requirements for Australian Financial Services Licensees under the Corporations Act 2001 , issued in September …
Section 990B(1) of the Act and regulation 7.8.16(1)(a) of the Regulations, requires the Licensee to ensure that at all times a registered company auditor who is not made ineligible through regulation 7.8.16 of the Regulations is engaged to audit the …
The FS71 audit report is an ASIC prescribed form and can be found on the ASIC website www.asic.gov.au . ASIC requires form FS71 to be lodged in the prescribed form and that no modifications or deletions are made, unless consented to by …
… examined carefully so that the appropriate financial and auditing obligations are met. …
In addition, when relying on the Group cash flow projections under licence condition 13(c)(v), the licensee auditor considers the requirement for the parent entity auditor to provide a separate opinion modelled on the Option 1 or 2 audit requirement and …
… This Guidance Statement (GS) has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
Where the Licensee is a subsidiary of an Australian ADI or ASICapproved prudentially regulated body that does not prepare cash flow projections, on the basis of its expectation concerning the adequacy of resources (under licence condition 13(c)(iv)), the …