27 paragraphs found
… This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
If requested by the franchisee and they are available the franchisor should provide to the franchisee or prospective franchisees as part of the Disclosure documents under Item 21.2 or 21.3 of Annexure 1, the financial reports of the franchisor for each of …
For the continuing auditor where an audited financial report has recently been issued under the Act which includes the directors’ opinion on solvency as part of the directors’ declaration, the audit process may be limited to a consideration of any changes …
Audit engagements undertaken in relation to the financial details as required under Item 21 of Annexure 1 are performed under ASA 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial …
Refer to ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment for further guidance on areas the auditor needs to consider when undertaking the …
If the auditor is of the opinion that there is sufficient and appropriate audit evidence to support the representation made by the directors that events exist that put into doubt the ability of the entity to pay its debts as and when they fall due, the …
In situations where the franchisor or the entity were insolvent in either or both of the last two completed financial years, and are required to report under Item 21.6 of Annexure 1, the auditor considers the guidance contained in paragraphs 10-14 of this …