108 paragraphs found
This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to auditors when using the work of a management’s expert as audit evidence in relation to: the audit of a financial report, in accordance …
This Guidance Statement provides guidance that may be considered and adapted as necessary in the circumstances, to non-historical information assurance engagements but is not a substitute for referring to the requirements and application material …
This Guidance Statement is issued on 3 March 2020 by the AUASB and replaces GS 005 Using the Work of a Management's Expert , issued in …
This Guidance Statement has been developed to provide guidance on: The circumstances under which a management’s expert may be used and the nature of that work; The auditor’s considerations in determining whether to use the work of a management’s expert as …
Where the necessary information to prepare the financial report and/or historical financial information is produced by management, ASA 330 [2] requires the auditor to design and perform audit procedures whose nature, timing and extent are based on and …
Where the necessary information to prepare the financial report and/or historical financial information is produced by a management’s expert, ASA 500 Audit Evidence [4] , establishes mandatory requirements and provides application and explanatory material …
ASA 500 [5] also establishes mandatory requirements and provides application and explanatory material on information obtained from an external information source. This Guidance Statement does not provide guidance on information obtained from an external …
This Guidance Statement applies to the use of a management’s expert’s work irrespective of whether they are internal or external to an entity, but does not deal with the use of experts that are not engaged or employed by …
The work of a management’s expert is often associated with accounting estimates. ASA 540 Auditing Accounting Estimates and Related Disclosures [6] establishes mandatory requirements and provides application and explanatory material on auditing …
It is the responsibility of the engagement partner [7] to determine that the engagement team has the appropriate competence and capabilities, including sufficient time, to perform an audit engagement in accordance with the Australian Auditing Standards, …