23 paragraphs found
Requesting parties occasionally request that the change period begins immediately after the date of the latest audited balance sheet (which is, ordinarily also the closing date of the latest audited statement of comprehensive income) in the offering …
… practices of the entity may be obtained by the auditor auditing, or reviewing, in accordance with Australian Auditing Standards, historical financial statements of the …
The subject matter that may be covered in a comfort letter includes: the independence of the auditor; unaudited financial statements, interim financial information, pro forma historical financial information and changes in selected financial statement …
… document has not been audited in accordance with Australian Auditing Standards and, accordingly, is not covered by an …
If the auditor is required to comment in a comfort letter on financial information other than audited financial statements, the auditor shall: (Ref: Para. A23 ) describe the procedures specified by the requesting parties to be performed by the auditor; …
The auditor’s ethical requirements in respect of the responsible party of the entity, including independence applicable to other assurance engagements which include comfort letter engagements, are set out in ASA 102 Compliance with Ethical Requirements …
The assistance that the auditor can provide by way of a comfort letter is subject to limitations. One limitation is that auditors can properly comment in their professional capacity only on matters to which their professional expertise is relevant. …
Situations may exist in which more than one auditor is involved in the audit of the financial statements of an entity and in which the reports of more than one auditor appear in the offering document. This is ordinarily the case when the entity is …
In Australia, auditors do not ordinarily provide review conclusions or audit opinions on non-historical financial information such as a financial forecast and consequently do not agree to perform any other procedures on such financial information. If the …
When an auditor’s report on audited financial statements or a review report on reviewed financial statements in the offering document includes a modified opinion or conclusion, the auditor shall consider the effect on the comfort letter regarding …