89 paragraphs found
Management maintains such internal control as it determines is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error. Internal control, no matter how effective, can provide an …
An independent audit conducted in accordance with the Australian Auditing Standards does not act as a substitute for the maintenance of internal control necessary for the preparation of the financial report by management. Accordingly, the auditor is …
This Auditing Standard applies to: an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001 ; and an audit of a financial report, or a complete set of financial …
This Auditing Standard also applies, as appropriate, to an audit of other historical financial information. …
This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010. [Note: For operative dates of paragraphs changed or added by an Amending Standard, see Compilation …
The objective of the auditor is to accept or continue an audit engagement only when the basis upon which it is to be performed has been agreed, through: Establishing whether the preconditions for an audit are present; and Confirming that there is a …
For the purposes of this Auditing Standard, the following term has the meaning attributed below: Preconditions for an audit means the use by management of an acceptable financial reporting framework in the preparation of the financial report and the …
For the purposes of this Auditing Standard, references to “management” should be read hereafter as “management and, where appropriate, those charged with …
If the preconditions for an audit are not present, the auditor shall discuss the matter with management. Unless required by law or regulation to do so, the auditor shall not accept the proposed audit engagement: If the auditor has determined that the …
The auditor shall agree the terms of the audit engagement with management or those charged with governance, as appropriate. (Ref: Para. A22) …