159 paragraphs found
See, for example, the Corporations Act 2001 , Part 9.4AAA Protection for Whistleblowers. …
See ASA 250, Consideration of Laws and Regulations in an Audit of a Financial Report , paragraphs A28–A34 …
See ASIC Regulatory Guide 34 Auditor’s obligations: reporting to ASIC (May 2013), which provides guidance to help auditors comply with their obligations, under sections 311, 601HG and 990K of the Corporations Act 2001 , to report contraventions and …
This Auditing Standard deals with the auditor’s responsibilities relating to fraud in an audit of a financial report. Specifically, it expands on how ASA 315 [1] and ASA 330 [2] are to be applied in relation to risks of material misstatement due to …
Misstatements in the financial report can arise from either fraud or error. The distinguishing factor between fraud and error is whether the underlying action that results in the misstatement of the financial report is intentional or …
Although fraud is a broad legal concept, for the purposes of the Australian Auditing Standards, the auditor is concerned with fraud that causes a material misstatement in the financial report. Two types of intentional misstatements are relevant to the …
The primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. It is important that management, with the oversight of those charged with governance, place a strong emphasis …
An auditor conducting an audit in accordance with Australian Auditing Standards is responsible for obtaining reasonable assurance that the financial report taken as a whole is free from material misstatement, whether caused by fraud or error. Owing to …