64 paragraphs found
Controls over the calculation of unit pricing are not included as part of the services addressed in this Guidance Statement as reliance can generally be placed on the publicly available unit price, where appropriate, with additional procedures to assess …
In responding to the assessed risks of material misstatement, if sufficient appropriate audit evidence is not available from records held at the user entity, ASA 402 requires the user auditor to perform further audit procedures or use another auditor to …
… There is no pronouncement issued by the International Auditing and Assurance Standards Board equivalent to this …
… is limited to understanding the entity in accordance with Auditing Standard ASA 315, [6] whereas a type 2 report may … auditor in responding to assessed risks in accordance with Auditing Standard ASA 330. [7] …
When conducting an audit of specified assertions or a Statement, the service auditor considers materiality under ASA 320 in determining the nature, timing and extent of audit procedures and evaluating the effect of misstatements. The relevant benchmark, …
In evaluating the audit evidence provided by a service auditor’s report on financial information, the user auditor considers: the professional competence of the service auditor in the context of the assignment conducted; the sufficiency and …
… basis for the service auditor to determine materiality for auditing specified assertions or a Statement. The user auditor, in determining performance materiality under Auditing Standard ASA 320 [26] for the classes of …
… The user auditor is required under the Australian Auditing Standards to communicate any of the following …
The user auditor exercises professional judgement to determine whether the results of procedures conducted at the user entity as described in paragraph 33 of this Guidance Statement, considered alone or in combination with a type 1 or 2 report, provide …
This Guidance Statement is issued on 25 October 2011 by the AUASB and replaces Guidance Statement GS 007 Audit Implications of the Use of Service Organisations for Investment Management Services , issued in March 2008. It is operative for reporting …