367 paragraphs found
The procedures to obtain an understanding of the entity and its environment, and to identify and assess risks of material misstatement in the financial information shall include the following: Enquiries of those persons within the entity who, in the …
If the assurance practitioner does not have a prior knowledge of the entity, the assurance practitioner shall obtain an understanding of: (Ref: Para. A26 ) the type of document that the financial information will be included in; any applicable legal and …
Notwithstanding any prior knowledge, the assurance practitioner shall obtain an understanding of: the stated basis of preparation chosen by the responsible party for the financial information, if it is different from prior audited or reviewed historical …
For example, historical financial information, pro forma historical financial information, prospective financial information, or pro forma …
For example, its relevance, completeness, reliability and understandability. …
See RG 230 and RG 228, for further guidance on the nature and type of comparatives that should be included in a public document. …
Prospective financial information included in a public document under the Corporations Act 2001 is required to be based on reasonable grounds to be considered not misleading. See section 728(2) and section 769C of the Corporations Act 2001 . See ASIC’s …
The understanding required in paragraph 38 of this ASAE shall be: (Ref: Para. A31‑A32 ) sufficient to enable the assurance practitioner to identify and assess any risks that the financial information may not be prepared in accordance with the stated …
If the assurance practitioner has performed other engagements for the entity, the assurance practitioner shall consider whether information obtained from other engagements is relevant to identifying and assessing risks of material misstatement. …
The assurance practitioner shall make enquiries of the responsible party, and others within the entity as appropriate, to determine whether they have knowledge of any actual, suspected or alleged fraud or non‑compliance with laws and regulations affecting …