93 paragraphs found
This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2018 with early adoption permitted. [Note: For operative dates of paragraphs changed or added by an Amending Standard, see Compilation …
This Auditing Standard deals with the auditor’s responsibility to consider laws and regulations in an audit of a financial report. This Auditing Standard does not apply to other assurance engagements in which the auditor is specifically engaged to test …
The effect on a financial report of laws and regulations varies considerably. Those laws and regulations to which an entity is subject constitute the legal and regulatory framework. The provisions of some laws or regulations have a direct effect on the …
The requirements in this Auditing Standard are designed to assist the auditor in identifying material misstatement of the financial report due to non‑compliance with laws and regulations. However, the auditor is not responsible for preventing …
The auditor is responsible for obtaining reasonable assurance that the financial report, taken as a whole, is free from material misstatement, whether due to fraud or error. [1] In conducting an audit of the financial report, the auditor takes into …
This Auditing Standard distinguishes the auditor’s responsibilities in relation to compliance with two different categories of laws and regulations as follows: (Ref: Para. A6 , A12–A13 ) The provisions of those laws and regulations generally recognised …
In this Auditing Standard, differing requirements are specified for each of the above categories of laws and regulations. For the category referred to in paragraph 6(a) , the auditor’s responsibility is to obtain sufficient appropriate audit evidence …
The auditor is required by this Auditing Standard to remain alert to the possibility that other audit procedures applied for the purpose of forming an opinion on the financial report may bring instances of non‑compliance to the auditor’s attention. …
The auditor may have additional responsibilities under law, regulation or relevant ethical requirements regarding an entity’s non‑compliance with laws and regulations, which may differ from or go beyond this Auditing Standard, such as: (Ref: Para. A8 ) …