176 paragraphs found
The Australian Auditing Standards refer to the proprietor of a smaller entity who is involved in running the entity on a day‑to‑day basis as the …
Each Auditing Standard contains one or more objectives which provide a link between the requirements and the overall objectives of the auditor. The objectives in individual Auditing Standards serve to focus the auditor on the desired outcome of the …
Objectives are to be understood in the context of the overall objectives of the auditor stated in paragraph 11 of this Auditing Standard. As with the overall objectives of the auditor, the ability to achieve an individual objective is equally subject to …
In using the objectives, the auditor is required to have regard to the interrelationships among the Australian Auditing Standards. This is because, as indicated in paragraph A55 , the Australian Auditing Standards deal in some cases with general …
The requirements of the Australian Auditing Standards are designed to enable the auditor to achieve the objectives specified in the Australian Auditing Standards, and thereby the overall objectives of the auditor. The proper application of the …
The auditor is required to use the objectives to evaluate whether sufficient appropriate audit evidence has been obtained in the context of the overall objectives of the auditor. If as a result the auditor concludes that the audit evidence is not …
In some cases, an Auditing Standard (and therefore all of its requirements) may not be relevant in the circumstances. For example, if an entity does not have an internal audit function, nothing in ASA 610 [29] is …
Within a relevant Auditing Standard, there may be conditional requirements. Such a requirement is relevant when the circumstances envisioned in the requirement apply and the condition exists. In general, the conditionality of a requirement will either be …
Risks of material misstatement are assessed at the assertion level in order to determine the nature, timing and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence. …
The auditor’s opinion on the financial report deals with whether the financial report is prepared, in all material respects, in accordance with the applicable financial reporting framework. Such an opinion is common to all audits of financial reports. …