121 paragraphs found
Audit risk is a function of the risks of material misstatement and detection risk. The assessment of risks is based on audit procedures to obtain information necessary for that purpose and evidence obtained throughout the audit. The assessment of risks …
… provides further explanation of the requirements of an Auditing Standard and guidance for carrying them out. In … means or is intended to cover, including in some Auditing Standards such as ASA 315, why a procedure is … that may be appropriate in the circumstances. In some Auditing Standards, such as ASA 315, examples are presented …
… judgement. ASA 500 and other relevant Australian Auditing Standards establish additional requirements and …
… This Auditing Standard also applies, as appropriate, to an audit …
… The auditor shall not represent compliance with Australian Auditing Standards in the auditor’s report unless the auditor has complied with the requirements of this Auditing Standard and all other Australian Auditing Standards relevant to the audit. (Ref: Para. Aus …
… The Australian Auditing Standards contain objectives, requirements and … auditor in obtaining reasonable assurance. The Australian Auditing Standards require that the auditor exercise …
… Each Auditing Standard contains one or more objectives which … objectives of the auditor. The objectives in individual Auditing Standards serve to focus the auditor on the desired outcome of the Auditing Standard, while being specific enough to assist the …
… Subject to paragraph Aus 23.1 of this Auditing Standard, the auditor shall comply with each requirement of an Auditing Standard unless, in the circumstances of the audit: The entire Auditing Standard is not relevant; The requirement is not …
There are practical and legal limitations on the auditor’s ability to obtain audit evidence. For example: There is the possibility that management or others may not provide, intentionally or unintentionally, the complete information that is relevant to …
… be, obtained as a result of complying with other Australian Auditing Standards; Extend the work performed in applying … appropriate audit evidence and is required by Australian Auditing Standards to determine the effect on the auditor’s …