445 paragraphs found
The appointed auditor undertakes an appropriate risk assessment of the controls over these models within the context of the stated assurance engagement objective, and plans the assurance engagement …
The appointed auditor obtains an understanding of any deficiencies in the models, identified either by APRA, the ADI, or through any independent review, and how such deficiencies have been addressed by the …
In concluding on the controls over internal risk models, the appointed auditor cannot place sole reliance on the work performed by APRA during the accreditation process to become an Advanced ADI, or on reports issued as a result of any independent review …
The appointed auditor reviews any reports issued as a result of independent reviews. In drawing a conclusion on whether to use these reports, the appointed auditor has regard to the level of independence of the reviewer, and their qualifications and …
The appointed auditor makes enquiries about the overall system controls over such models, including controls that ensure the consistency and integrity of the …
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 …