164 paragraphs found
This Auditing Standard applies to: an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001 ; and an audit of a financial report, or a complete set of financial …
This Auditing Standard also applies, as appropriate, to an audit of other historical financial information. …
This Auditing Standard is operative for financial reporting periods ending on or after 1 January 2010. [Note: For operative dates of paragraphs changed or added by an Amending Standard, see Compilation …
The Australian Auditing Standards apply to group audits. This Auditing Standard deals with special considerations that apply to group audits, in particular those that involve component …
This Auditing Standard also applies, as appropriate, when the auditor involves other auditors in the audit of financial reports that are not group financial reports. For example, an auditor may involve another auditor to observe the inventory count or …
A component auditor may be required by statute, regulation or for another reason, to express an audit opinion on the financial report of a component. The group engagement team may decide to use the audit evidence on which the audit opinion on the …
In accordance with ASA 220, [1] the group engagement partner is required to be satisfied that those performing the group audit engagement, including component auditors, collectively have the appropriate competence and capabilities. The group engagement …
The group engagement partner applies the requirements of ASA 220 regardless of whether the group engagement team or a component auditor performs the work on the financial information of a component. This Auditing Standard assists the group engagement …
Audit risk is a function of the risk of material misstatement of the financial report and the risk that the auditor will not detect such misstatements. [2] In a group audit, this includes the risk that the component auditor may not detect a misstatement …