74 paragraphs found
ASA 200 requires the auditor to comply with (a) relevant ethical requirements, including those pertaining to independence, relating to financial report audit engagements, and (b) all Australian Auditing Standards relevant to the audit. It also requires …
Application of some of the requirements of the Auditing Standards in an audit of a special purpose financial report may require special consideration by the auditor. For example, in ASA 320, judgements about matters that are material to users of the …
In the case of a special purpose financial report, such as those prepared in accordance with the requirements of a contract, management may agree with the intended users on a threshold below which misstatements identified during the audit will not be …
ASA 260 requires the auditor to determine the appropriate person(s) within the entity’s governance structure with whom to communicate. [13] ASA 260 notes that, in some cases, all of those charged governance are involved in managing the entity, and the …
The Appendix to this Auditing Standard contains illustrations of independent auditors’ reports on a special purpose financial report. Other illustrations of auditor’s reports may be relevant to reporting on a special purpose financial report (see for …
Paragraph 11 of this Auditing Standard explains that the auditor is required to apply ASA 700 when forming an opinion and reporting on a special purpose financial report. In doing so, the auditor is also required to apply the reporting requirements in …
A special purpose financial report may or may not be prepared in accordance with a financial reporting framework for which the going concern basis of accounting is relevant (e.g., the going concern basis of accounting is not relevant for some financial …
ASA 700 requires the auditor to communicate key audit matters in accordance with ASA 701 [21] for audits of a general purpose financial report of listed entities. For audits of a special purpose financial report, ASA 701 only applies when communication of …
ASA 720 [23] deals with the auditor’s responsibilities relating to other information. In the context of this Auditing Standard, reports containing or accompanying the special purpose financial report—the purpose of which is to provide owners (or similar …