444 paragraphs found
Assurance procedures over the models would ordinarily include a review of: the control environment and general controls, including the IT function; and change controls (including limited …
Assurance procedures of data produced from the risk measurement models would ordinarily include a review of: the key controls over inputs to the models; and how management review and use the data outputs from the models in ADI Reporting Forms. Such …
The appointed auditor is required to express a conclusion, based on a limited assurance engagement, whether anything has come to the attention of the auditor to cause the auditor to believe that, for the financial year, in all material respects: the ADI …
The appointed auditor conducts the limited assurance engagement for APS 910 related to internal controls in accordance with ASAE 3150. …
Under APS 310/3PS 310, the appointed auditor is required to perform a limited assurance engagement on the design, implementation and operating effectiveness of internal controls to ensure compliance with all Prudential Requirements [86] , which includes …
APS 910 identifies additional requirements for the appointed auditor to perform a limited assurance engagement on an ADI’s controls to ensure that SCV data as set out in APS 910 Attachment A, to the extent practicable, and FCS payment instruction and …
In practice, the auditor’s annual APS 310/3PS 310 assurance engagement on controls (Part C) factors in all APS 910 requirements with which the ADI is expected to be compliant. This approach allows the timing of the APS 910 engagement to be aligned with …
Limited assurance procedures selected depend on the auditor’s judgement, including assessment of the risks of a material breakdown in controls. In making those risk assessments, the auditor considers internal control systems and compliance functions …
The limited assurance engagement in relation to APS 910 controls may include making enquiries of management and those responsible for the controls, examination of design specifications and documentation on a sample basis, observation of implementation and …
In applying the terms “complete” and “accurate” to the controls engagement, the auditor has regard to definitions and guidance provided by APRA in CPG 235. Refer to Appendix 5 of this Guidance Statement (see Attachment 3 to the example report, entitled: …