114 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 commencing on or after 1 January 2010 . [ Note: For operative dates of paragraphs changed or added by an Amending Standard, see Compilation Details …
This Auditing Standard deals with the specific responsibilities of the auditor regarding quality control procedures for the audit of a financial report and other historical financial information. It also addresses, where applicable, the responsibilities …
Quality control systems, policies and procedures are the responsibility of the audit firm. Under ASQC 1, the firm has an obligation to establish and maintain a system of quality control to provide it with reasonable assurance that: The firm and its …
Within the context of the firm’s system of quality control, engagement teams have a responsibility to implement quality control procedures that are applicable to the audit engagement and provide the firm with relevant information to enable the functioning …
Engagement teams are entitled to rely on the firm’s system of quality control, unless information provided by the firm or other parties suggests otherwise. (Ref: Para. A2‑Aus …
See ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements , paragraph 11 …
The objective of the auditor is to implement quality control procedures at the engagement level that provide the auditor with reasonable assurance that: The audit complies with Australian Auditing Standards, relevant ethical requirements, and …