24 paragraphs found
In accordance with section 601HG(1) of the Act, the responsible entity of a registered scheme is required to ensure that at all times a registered company auditor, an audit firm or an authorised audit company is engaged to audit compliance with the …
Due to the nature of audit testing and other inherent limitations of an audit, together with the inherent limitations of a compliance plan and its related compliance measures, there is a possibility that a properly planned and executed audit will not …
The procedures for agreeing the terms of an engagement relevant to a financial report audit engagement are contained in ASA 210 Terms of Audit Engagements , and may be helpful in determining procedures for agreeing the terms of an engagement applicable to …
… This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
The auditor of a managed investment scheme compliance plan is required to adhere to the requirements contained in the Standards on Assurance Engagements, including ASAE 3100 Compliance Engagements . The AUASB recognises that the audit of compliance plans …
In such circumstances, the compliance plan auditor audits compliance with the measures in the compliance plan relating to the supervision by the responsible entity of its service providers. However, the compliance plan auditor is not expected to conduct …
… There is no equivalent International Auditing Practice Statement (IAPS) to this Guidance …
ASAE 3100 requires the auditor of the compliance plan to agree on the terms of the compliance plan audit engagement with the responsible entity, which are required to be recorded in writing by the auditor and forwarded to the responsible entity. Such …
Some responsible entities may have a number of schemes with very similar compliance plans, electing (in some instances) to incorporate, into a compliance plan, the provisions of an existing compliance plan by reference. In such situations, the compliance …