159 paragraphs found
Discussing the susceptibility of the entity’s financial report to material misstatement due to fraud with the engagement team: Provides an opportunity for more experienced engagement team members to share their insights about how and where the financial …
ASA 330 requires the auditor, based on the audit procedures performed and the audit evidence obtained, to evaluate whether the assessments of the risks of material misstatement at the assertion level remain appropriate. [21] This evaluation is primarily …
Examples of exceptional circumstances that may arise and that may bring into question the auditor’s ability to continue performing the audit include: The entity does not take the appropriate action regarding fraud that the auditor considers necessary in …
ASA 580 [25] establishes requirements and provides guidance on obtaining appropriate representations from management and, where appropriate, those charged with governance in the audit. In addition to acknowledging that they have fulfilled their …
ASA 250 [27] provides further guidance with respect to the auditor’s determination of whether reporting identified or suspected non‑compliance with laws or regulations to an appropriate authority outside the entity is required or appropriate in the …
Early adoption, in conjunction with ASA 540 Auditing Accounting Estimates and Related Disclosures, permitted. …
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 objectives of the auditor are: To identify and assess the risks of material misstatement of the financial report due to fraud; To obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through …