109 paragraphs found
Australian Auditing Standards (ASAs) means the suite of auditing standards issued by the AUASB, comprising: Auditing Standards made under section 336 of the Corporations Act – as defined in paragraph 10(d) ; ASA 805 Special Considerations—Audits of Single …
Auditing Standards means auditing standards made under section 336 of the Corporations Act, and include: ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related …
Firm means a sole practitioner, partnership, corporation or other entity of assurance practitioners, or public sector equivalent. The definition of “firm” in relevant ethical requirements may differ from the definition set out in this Auditing …
Related services engagements include engagements to perform agreed-upon procedures. The term ‘assurance practitioner’ is referred to in ASRS 4400 Agreed-Upon Procedures Engagements as …
The assurance practitioner shall apply AUASB Standards in conjunction with paragraphs 12 and 13 of this Auditing Standard. …
The assurance practitioner shall apply the mandatory components of AUASB Standards relevant to the engagement. The mandatory components are included in each AUASB Standard under the headings listed below: Application. (Ref: Para. A28-A32 ) Operative Date. …
The assurance practitioner shall have an understanding of the entire text of an AUASB Standard, including its application and other explanatory material, to understand its objectives and to apply the mandatory components of the standard properly. The …
This Auditing Standard forms an important part of the legal and regulatory framework of AUASB Standards. AUASB Standards are to be read in conjunction with this Auditing …
All AUASB Standards contain an “Authority Statement”. The purposes of the Authority Statement are to: link the issuance of each individual AUASB Standard to the mandating legislation; identify the paragraphs that comprise the AUASB Standard; and set out …
The AUASB issues the following types of standards pursuant to its mandate under section 227B of the ASIC Act: Australian Standards on Quality Management (ASQMs) ASQMs [10] apply to firms in respect of all engagements to which AUASB Standards apply. The …