170 paragraphs found
Modifications to an auditor’s report fall into two broad categories: Modifications to the auditor’s opinion or conclusion, (qualifications, adverse opinions/conclusions and disclaimers of opinion/conclusions). The auditor draws attention to an issue …
Auditors of SSGA and MSE who modify their reports apply the principles contained in ASA 705 and ASA 706 . …
The auditor determines what is required to be reported. For example, in some circumstances only “significant” compliance breaches are required to be reported – if this is the case, the auditor obtains an understanding of what constitutes “significance to …
An example of other reporting responsibilities in a MSE is where an auditor is required to report all instances of an entity’s non-compliance with regulations. The auditor may use a “Report on Other Legal and Regulatory Requirements” paragraph for this …
In such circumstances, auditors, preparers and users alike may misinterpret the additional reporting requirements as meaning the auditor is required to perform a 100% check of the subject matter (such as continual compliance with regulations). It is the …
This Guidance Statement is not intended for use by internal auditors, whether employed or engaged by an entity. …
Financial performance and financial position, or compliance with requirements, are each an example of a single subject matter. …
The purpose of this Guidance Statement is to assist auditors in exercising professional judgement in applying the AUASB Standards to a selection of practical application issues that may arise in either a SSGA or a MSE. …