25 paragraphs found
Where a report is expected to be used as audit evidence, the requirements of ASA 402 [15] may provide an appropriate framework for the firm’s evaluation of the appropriateness of the …
In consultation with the Australian Bankers’ Association (ABA), the AUASB previously developed three standard paper-based bank confirmation request forms. The forms are: Appendix 1 – Bank Confirmation—Audit Request (General) – the information to be …
While the standard bank confirmation request forms will generally provide the information required by the auditor in a range of audit engagements, there may be instances where the standard forms are not appropriate. For example, the auditor may require …
The auditor may consider performing additional audit procedures to obtain audit evidence over the completeness of information about the entity’s banking activities, including treasury operations. The appropriateness of performing such procedures is …
The reliability of audit evidence is influenced by its source and by its nature and is dependent on the individual circumstances under which it is obtained. [4] The reliability of the evidence obtained from information contained in a response to a bank …
… See ASA 402 Auditing Considerations Relating to an Entity Using a …
See ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report , paragraph 4 . …
ASA 200 requires the auditor to plan and perform an audit with professional scepticism recognising that circumstances may exist that cause the financial report to be materially misstated. [6] Unless the auditor has reason to believe the contrary, the …
See ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements , paragraph 32 (f) and 32 (h) …
In other instances, when: an entity’s banking activities are simple and straightforward; the auditor has considered the entity’s control environment and assessed the risk of material misstatement of bank-related account balances and disclosures as low; …