84 paragraphs found
When the auditor expresses a qualified or adverse opinion, communicating other key audit matters would still be relevant to enhancing intended users’ understanding of the audit, and therefore the requirements to determine key audit matters apply. However, …
The description of a key audit matter in the auditor’s report is intended to provide insight as to why the matter was determined to be a key audit matter. Accordingly, the requirements in paragraphs 9–10 and the application material in paragraphs …
… of these elements. Law or regulation or national auditing standards may prescribe a specific form or content …
… Various Australian Auditing Standards require specific communications with … with those charged with governance. [18] The Australian Auditing Standards acknowledge potential difficulties in …
Paragraph 9 includes specific required considerations in the auditor’s determination of those matters that required significant auditor attention. These considerations focus on the nature of matters communicated with those charged with governance that …
As indicated by paragraph 14(b) , it will be extremely rare for a matter determined to be a key audit matter not to be communicated in the auditor’s report. This is because there is presumed to be a public interest benefit in providing greater …
The determination of key audit matters involves making a judgement about the relative importance of matters that required significant auditor attention. Therefore, it may be rare that the auditor of a general purpose financial report of a listed entity …
The requirement in paragraph 17(b) to communicate with those charged with governance when the auditor has determined there are no key audit matters to communicate in the auditor’s report may provide an opportunity for the auditor to have further …
The relevance of the information for intended users is a consideration for the auditor in determining what to include in the description of a key audit matter. This may include whether the description would enable a better understanding of the audit and …