121 paragraphs found
… procedures in addition to those required by the Australian Auditing Standards. …
… oversight from those charged with governance. Australian Auditing Standards do not impose responsibilities on … However, an audit in accordance with Australian Auditing Standards is conducted on the premise that …
The auditor is not expected to, and cannot, reduce audit risk to zero and cannot therefore obtain absolute assurance that the financial report is free from material misstatement due to fraud or error. This is because there are inherent limitations of an …
Audit risk means the risk that the auditor expresses an inappropriate audit opinion when the financial report is materially misstated. Audit risk is a function of the risks of material misstatement and detection …
Professional judgement needs to be exercised throughout the audit. It also needs to be appropriately documented. In this regard, the auditor is required to prepare audit documentation sufficient to enable an experienced auditor, having no previous …
Risks of material misstatement at the assertion level are assessed in order to determine the nature, timing, and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence. This evidence enables the auditor to express an …
… An Auditing Standard may include, in a separate section under … attributed to certain terms for purposes of the Australian Auditing Standards. These are provided to assist in the … consistent application and interpretation of the Australian Auditing Standards, and are not intended to override …
… This Auditing Standard applies to: an audit of a financial report …
… shall use the objectives stated in relevant Australian Auditing Standards in planning and performing the audit, … regard to the interrelationships among the Australian Auditing Standards, to: (Ref: Para. A74‑A76) Determine … procedures in addition to those required by the Australian Auditing Standards are necessary in pursuance of the …
… 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 … responsibilities to specific topics. For example, this Auditing Standard requires the auditor to adopt an attitude …