75 paragraphs found
Representation letter means a letter prepared by the entity at the request of the auditor that confirms to the auditor specific matters relating to the comfort letter …
Comments included in an earlier comfort letter that relate to information in the offering document may be incorporated by reference in a subsequent bring down comfort letter. …
The applicable financial reporting framework used for the review of interim financial information is ordinarily represented by Australian Accounting Standard AASB 134 Interim Financial Reporting , issued by the Australian Accounting Standards …
The requesting parties ordinarily request the auditor of the entity to perform certain procedures as a part of their due diligence investigation on selected financial information disclosed in the entity’s offering document and report results by way of …
The auditor ordinarily requests to receive a written representation letter from the responsible party of the entity at the completion of the engagement. [7] The auditor ordinarily provides the responsible party of the entity with a specific list of …
This Standard on Related Services applies to engagements relating to the auditor of an entity providing a comfort letter to certain requesting parties in respect of particular financial information related to, and/or included in, an offering …
The auditor should have obtained a sufficient understanding of an entity’s internal control over financial reporting for both year-end and interim periods through performing an audit of the entity’s financial statements for one or more financial reporting …
While the types of offerings covered by this ASRS are specifically aimed at international offerings, this ASRS also applies if the auditor is requested to issue a comfort letter in relation to domestic debt or equity offerings, notwithstanding that in …
If the auditor is unable to perform the exact nature, timing or extent of the requesting parties’ specified procedures, the auditor shall discuss this as soon as possible with the requesting parties. If alternative procedures are requested by the …
If agreed to in the terms of engagement as set out in paragraph 16 of this ASRS, the auditor shall provide a draft of the expected form and content of the comfort letter to the requesting parties in a timely manner . (Ref: Para. A15 …