47 paragraphs found
… APRA places reliance on accounting and auditing standards to the extent that they do not conflict … meeting their role and responsibilities, to comply with the Auditing Standards and Guidance Statements issued by the …
… techniques, the auditor applies, as appropriate, Auditing Standard ASA 500 Audit Evidence . ASA 500 sets out …
Prudential reporting requirements, imposed on the appointed auditor via the terms of engagement with an ADI, are in addition to the audit [and review] of financial reports required under the Corporations …
APRA expects the appointed auditor to consider the extent to which the work of the internal audit function is likely to be relevant in the context of the APS 310/3PS 310 assurance …
‘Appointed auditor’ means an independent auditor appointed by: an ADI as an auditor for the purposes of APS 310 and APS 910; and a Level 3 head as group auditor for the purposes of 3PS 310. APS 310 and APS 910 allows for the appointed auditor to be the …
… the requirements and having regard to guidance provided in Auditing Standard ASA 540 Auditing Accounting Estimates and Related Disclosures . The …
Material findings (misstatements, control deficiencies and/or deviations and non-compliance) are reported to APRA and the ADI’s Board (or Board Audit Committee) as modifications to the appointed auditor’s assurance …
The requirement to report pursuant to APRA’s annual prudential reporting requirements, is in addition to the audit [and review] of financial reports required under the Corporations Act, and is to be treated by the appointed auditor as a separate …
Where the appointed auditor plans to use the work of the internal audit function, the auditor evaluates the adequacy of this work for the auditor’s purposes in accordance with the relevant AUASB standards. The appointed auditor remains responsible for …
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 …