Under APS 310 and 3PS 310 the appointed auditor is required to provide limited assurance that the ADI and/or group has complied, in all material respects, with all relevant Prudential Requirements. This conclusion is to be based on the auditor’s …

The appointed auditor is required to provide reasonable assurance that information included in ADI Reporting Forms, as specified in Attachment A of APS 310, at the financial year-end, sourced from the ADI’s accounting records, is, in all material …

The auditor determines which of the controls at the entity are necessary to achieve the relevant control objectives and whether those controls were suitably designed. Under ASAE 3150 , this determination includes: identifying the risks that threaten …

APRA may require an ADI, by notice in writing, to appoint an auditor, who may be the existing auditor or another auditor, as specified in APRA’s notice, to undertake an assurance engagement of: under APS 310/3PS 310, a particular aspect of the ADI’s …

Following the determination by APRA of the specific area to be examined, the appointed auditor, APRA and the ADI agree on the terms of the engagement in accordance with the requirements of applicable AUASB Standards. These arrangements are legally binding …

The appointed auditor has regard to the requirements, guidance and illustrative examples of reports provided in relevant AUASB Standards - ASAs, ASREs and ASAEs, as applicable, when preparing the special purpose assurance report. These Standards do not …