77 paragraphs found
The objectives of the auditor are: To determine whether it is appropriate to accept the engagement to report on summary financial statements; and If engaged to report on summary financial statements: To form an opinion on the summary financial statements …
For purposes of this Auditing Standard, the following terms have the meanings attributed below: …
The auditor shall accept an engagement to report on summary financial statements in accordance with this Auditing Standard only when the auditor has been engaged to conduct an audit in accordance with Australian Auditing Standards of the financial report …
Before accepting an engagement to report on summary financial statements, the auditor shall: (Ref: Para. A2 ) Determine whether the applied criteria are acceptable; (Ref: Para. A3–A7 ) Obtain the agreement of management that it acknowledges and …
If the auditor concludes that the applied criteria are unacceptable or is unable to obtain the agreement of management set out in paragraph 6(b) , the auditor shall not accept the engagement to report on the summary financial statements, unless required …
The auditor shall perform the following procedures, and any other procedures that the auditor may consider necessary, as the basis for the auditor’s opinion on the summary financial statements: Evaluate whether the summary financial statements adequately …
When the auditor has concluded that an unmodified opinion on the summary financial statements is appropriate, the auditor’s opinion shall, unless otherwise required by law or regulation, use one of the following phrases: (Ref: Para. A9 ) The accompanying …
If law or regulation prescribes the wording of the opinion on summary financial statements in terms that are different from those described in paragraph 9 , the auditor shall: Apply the procedures described in paragraph 8 and any further procedures …
If, in the case of paragraph 10(b) , the auditor concludes that additional explanation in the auditor’s report on the summary financial statements cannot mitigate possible misunderstanding, the auditor shall not accept the engagement, unless required by …