444 paragraphs found
As noted in paragraph 155 of this Guidance Statement, certain ADI Reporting Forms may include data sourced from a combination of accounting and non-accounting records. The appointed auditor needs to clearly identify such data so that the intended user of …
Where the ADI Reporting Form over which assurance is to be provided at the financial year-end is not the Reporting Form submitted on the due date in accordance with APRA’s reporting timetable, the appointed auditor needs to consider this issue when …
In performing the reasonable assurance engagement on Specified ADI Reporting Forms, the auditor complies with all Australian Auditing Standards relevant to a reasonable assurance engagement of other historical financial information, adapted as necessary …
To identify the ADI Reporting Forms, or data items in a Reporting Form, that are to be subjected to the assurance engagement (the subject matter), the appointed auditor applies the definition of accounting records to each item of data within each …
Having identified the ADI Reporting Forms, or data items within a Reporting Form, that are to be subjected to the reasonable assurance engagement, the auditor obtains sufficient appropriate evidence as part of a dynamic and iterative process [79] , that …
The appointed auditor exercises professional judgement in determining the nature, timing and extent of reasonable assurance procedures to gather sufficient appropriate evidence on which to base the reasonable assurance …
A controls based assurance approach is often the most appropriate approach to adopt in these circumstances. However, where the appointed auditor determines that a material weakness exists in the ADI’s internal controls designed to ensure reliable data is …
Reasonable assurance procedures for obtaining evidence include, but are not limited to, testing of specific controls aimed at ensuring data in Reporting Forms is reliable and prepared in accordance with APRA Prudential Standards and Reporting Standards. …
The appointed auditor may decide to place reliance on work undertaken by the auditor appointed for the purpose of the audit of the general purpose financial report, required under the Corporations Act (the statutory audit), as the basis for opining on the …
Where reliance is being placed on work performed for the statutory audit, the appointed auditor assesses events occurring subsequent to the date of signing the statutory accounts, but before the date of issuing the auditor’s annual prudential assurance …