… of tests applied to controls is in Appendix 5 of this Guidance Statement. …

… A service auditor’s report on a Statement, as defined in paragraph 7(b)(ii) of this Guidance Statement, may be the most effective way to obtain …

… relevant to investment management services, including: A statement that the criteria include the minimum control objectives provided in this Guidance Statement for the relevant investment management … for the relevant investment management services from this Guidance Statement, and if any minimum control objectives …

… This Guidance Statement has been developed specifically for circumstances … The Investment Management Services addressed in this Guidance Statement are: Custody. Asset Management. Property …

… Part A of this Guidance Statement ( paragraphs 20-50 ) provides guidance to user auditors but is to be read in conjunction …

… are not included as part of the services addressed in this Guidance Statement as reliance can generally be placed on the … bona fides of the fund such as sighting audited financial statements of the fund, for the assertion of valuation for …

… This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to: auditors (user auditors) of a financial report …

… service organisation, however the reports covered by this Guidance Statement are limited to those that may be used by user …

… of controls only are set out in paragraph 22 of this Guidance Statement. The value of a type 1 report to the audit of the … value, an example of this report is not provided in this Guidance Statement. …

… own assessment of the materiality of any uncorrected misstatements communicated by the service auditor in the … financial information, as described in paragraph 89 of this Guidance Statement. …