47 paragraphs found
Generally, the APS 910 assurance engagement will be undertaken as part of the annual APS 310 assurance engagement on controls. APRA has indicated [41] that, in circumstances where the APS 310/3PS 310 appointed auditor may not be in a position to undertake …
Under APS 910, the appointed auditor is required to perform limited assurance procedures to evaluate whether the ADI’s controls operated effectively when tested by the ADI in accordance with the testing requirements specified in APS 910 [90] . In …
When performing procedures to obtain an understanding of the entity and its environment, consideration of the following matters may be helpful: The size, business mix and complexity of the ADI or the ADI group it heads. Changes in the market environment. …
Where a Reporting Form includes historical and prospective financial information, as well as non-financial information, [70] the auditor considers adopting a combination of methods and setting multiple materiality levels based on the information included …
Having regard to the requirements and guidance provided in AUASB standards ASA 610 Using the Work of Internal Auditors , ASAE 3000 and ASAE 3150 , as relevant, the appointed auditor obtains an understanding of the activities and main findings of the …
Under APS 310 and 3PS 310 [32] , the appointed auditor of an ADI and/or group auditor of an ADI group is required to report simultaneously to APRA and the Board (or Board Audit Committee) of the ADI and/or head of the ADI group, as appropriate, [33] …