84 paragraphs found
The description of each key audit matter in the Key Audit Matters section of the auditor’s report shall include a reference to the related disclosure(s), if any, in the financial report and shall address: (Ref: Para. A34–A41 ) Why the matter was …
Paragraphs 13(a)‑(b) requires the description of each key audit matter to address why the auditor considered the matter to be one of most significance in the audit and how the matter was addressed in the audit. Accordingly, the description of key audit …
In order for intended users to understand the significance of a key audit matter in the context of the audit of the financial report as a whole, as well as the relationship between key audit matters and other elements of the auditor’s report, including …
ASA 260 requires the auditor to communicate with those charged with governance on a timely basis. [33] The appropriate timing for communications about key audit matters will vary with the circumstances of the engagement. However, the auditor may …
… report and the requirements in paragraphs 13–14 of this Auditing Standard do not apply. Rather, the auditor shall: … matter(s) in accordance with the applicable Australian Auditing Standards; and Include a reference to the Basis for …
… are those matters addressed by paragraph 15 of this Auditing Standard, the auditor shall include a statement to …
… This Auditing Standard also applies, as appropriate, to an audit …
When the auditor expresses a qualified or adverse opinion in accordance with ASA 705, presenting the description of a matter giving rise to a modified opinion in the Basis for Qualified (Adverse) Opinion section helps to promote intended users’ …
The auditor shall communicate with those charged with governance: Those matters the auditor has determined to be the key audit matters; or If applicable, depending on the facts and circumstances of the entity and the audit, the auditor’s determination …
In addition to referring to related disclosure(s), the auditor may draw attention to key aspects of them. The extent of disclosure by management about specific aspects or factors in relation to how a particular matter is affecting the financial report of …