38 paragraphs found
Apart from the requirement to report section 990K(2) breaches in FS71, section 990K(1) requires auditors to report such breaches to ASIC (and the Licensee and any relevant market or clearing authority e.g. ASX for stockbrokers) within 7 days of becoming …
As part of the limited assurance procedures, the auditor may seek the following types of information and documentation: Copies of the RMS documents that set out the Licensee’s RMS during the period. Documentation that identifies and describes the systems, …
As the section 990K(2) statement specifically covers both the financial year and the period between the end of the financial year and the date of signing the FS71 auditor’s report (unlike the other reporting requirements in FS71), the auditor is obliged …
The FS71 auditor’s report requires: Confirmation as to whether an auditor’s report on the financial report was prepared separately to the FS71, in order to meet the licensee’s obligation to lodge it with ASIC in accordance with section 989B(3) of the Act, …
ASAE 3000 clearly differentiates between the objectives of a limited versus a reasonable assurance engagement and provides detail around the sufficiency of audit evidence on which to base conclusions. The nature, timing and extent of evidence gathering …
… charged with governance on a timely basis. In addition, Auditing Standards ASA 260 [23] and ASA 265 [24] contains …
… and other explanatory material contained in: The Auditing Standards; Applicable Standards on Assurance …
In gaining an understanding of the entity and its environment, the auditor can draw on knowledge gained as part of the annual financial statement audit, however this understanding needs to be updated and broadened to address the subject matters included …