444 paragraphs found
In relation to reporting under sections 16B and 16BA of the Banking Act, there is no requirement for the appointed auditor of an ADI to carry out additional work to satisfy the auditor with respect to the above matters. The appointed auditor reports to …
In circumstances where the appointed auditor identifies that a reportable matter may exist, the auditor carries out such additional work as considered appropriate, to determine whether the facts and circumstances provide reasonable grounds for believing …
The ADI may also notify APRA of the matter(s) identified by the appointed auditor, and provide details of any action(s) taken, or to be taken, in response. However, such notification by the ADI does not relieve the appointed auditor of the statutory …
The appointed auditor is required to express a conclusion, based on a limited assurance engagement, on whether anything has come to the auditor’s attention that causes the auditor to believe that information included in ADI Reporting Forms, as specified …
The appointed auditor conducts the limited assurance engagement on Specified ADI Reporting Forms in accordance with: ASRE 2405 - for historical financial information; ASAE 3000 - for information other than historical financial information; and ASAE 3450 - …
Prospective financial information generally includes forecasts and projections based on assumptions made by the ADI, in accordance with a stated basis of preparation. ASAE 3450 sets out the responsibilities of an assurance practitioner undertaking an …
All ADI Reporting Forms, or data items within Reporting Forms, as specified in Attachment A of APS 310, that have been excluded under paragraphs 162-171 above as not having been sourced from accounting records, are included in this section as the subject …
Having identified the subject matter, the appointed auditor obtains evidence as part of a dynamic and iterative process directed by the risk assessment carried out during the planning phase of the engagement. The auditor exercises professional judgement …
The Part B limited assurance engagement is substantially less in scope than the reasonable assurance engagement undertaken in paragraphs 162-171 in order to provide reasonable assurance under Part A of the Auditor’s Annual Prudential Assurance Report. The …
Limited assurance procedures ordinarily include consideration of the process used to prepare Reporting Forms and the specific controls aimed at ensuring Reporting Forms, and data in Reporting Forms, are reliable and prepared in accordance with APRA …