121 paragraphs found
Audit evidence is necessary to support the auditor’s opinion and report. It is cumulative in nature and is primarily obtained from audit procedures performed during the course of the audit. It may, however, also include information obtained from other …
… of relevant ethical requirements and the Australian Auditing Standards and the informed decisions required … procedures used to meet the requirements of the Australian Auditing Standards and gather audit evidence. Evaluating … to be done to achieve the objectives of the Australian Auditing Standards and thereby, the overall objectives of …
… within the application and other explanatory material of an Auditing Standard. These additional considerations assist in the application of the requirements of the Auditing Standard in the audit of such entities. They do … to apply and comply with the requirements of the Australian Auditing Standards. …
… Australian Auditing Standards are written in the context of an audit of … of other historical financial information. Australian Auditing Standards do not address the responsibilities of … may differ from those established in the Australian Auditing Standards. Accordingly, while the auditor may find …
… The Australian Auditing Standards are relevant to engagements in the public … of a financial report in accordance with the Australian Auditing Standards. These additional responsibilities are not dealt with in the Australian Auditing Standards. They may be dealt with in guidance …
… matters as explanation of: The purpose and scope of the Auditing Standard, including how the Auditing Standard relates to other Auditing Standards. The subject matter of the Auditing …
… For purposes of the Australian Auditing Standards, audit risk does not include the risk … audit risk is a technical term related to the process of auditing; it does not refer to the auditor’s business risks …
… any specific limitation of the applicability of a specific Auditing Standard is made clear in the Auditing Standard. Unless otherwise stated in the Auditing Standard, the auditor is permitted to apply an …
… in complying with the requirements of the Australian Auditing Standards, and the auditor’s evaluation of whether … audit to achieve the objectives stated in the Australian Auditing Standards. Accordingly, circumstances that may … auditor from complying with the relevant requirements of an Auditing Standard. Result in its not being practicable or …
Detection risk relates to the nature, timing, and extent of the auditor’s procedures that are determined by the auditor to reduce audit risk to an acceptably low level. It is therefore a function of the effectiveness of an audit procedure and of its …