119 paragraphs found
Financial reporting frameworks ordinarily allow for the entity to make accounting estimates, and judgements about accounting policies and financial report disclosures, for example, in relation to the use of assumptions in the development of accounting …
As a result, the auditor’s views on the subjective aspects of the financial report may be particularly relevant to those charged with governance in discharging their responsibilities for oversight of the financial reporting process. For example, in …
Significant difficulties encountered during the audit may include such matters as: Significant delays by management, the unavailability of entity personnel, or an unwillingness by management to provide information necessary for the auditor to perform the …
Significant matters discussed, or subject to correspondence with management may include such matters as: Significant events or transactions that occurred during the year. Business conditions affecting the entity, and business plans and strategies that may …
ASA 210 requires the auditor to agree the terms of the audit engagement with management or those charged with governance, as appropriate. [13] The agreed terms of the audit engagement are required to be recorded in an audit engagement letter or other …
Circumstances in which the auditor is required or may otherwise consider it necessary to include additional information in the auditor’s report in accordance with the Australian Auditing Standards, and for which communication with those charged with …
In the rare circumstances that the auditor intends not to include the name of the engagement partner in the auditor’s report in accordance with ASA 700, the auditor is required to discuss this intention with those charged with governance to inform the …
ASA 300 [22] notes that, as a result of unexpected events, changes in conditions, or the audit evidence obtained from the results of audit procedures, the auditor may need to modify the overall audit strategy and audit plan and thereby the resulting …
Other significant matters arising during the audit that are directly relevant to those charged with governance in overseeing the financial reporting process may include such matters as material misstatements the other information that have been …
To the extent not already addressed by the requirements in paragraphs 16(a)–(d) and related application material, the auditor may consider communicating about other matters discussed with, or considered by, the engagement quality control reviewer, if one …