70 paragraphs found
“Audit (or review) working papers” (herein referred to as audit working papers in this Guidance Statement) contained within an audit file may include: documents or any other records of information, produced or acquired by an auditor (whether from the …
An “audit file” is a file that contains the audit working papers as defined in (b) above, and those other documents that are excluded for the purposes of allowing third party access, as enumerated in paragraph 8 …
“Internal audit function” means an appraisal activity, established within, or provided as a service to the entity. Its functions include, amongst other things, examining, evaluating and monitoring the adequacy and effectiveness of internal …
“Internal auditors” means those individuals who perform the activities of the internal audit function. Internal auditors may belong to an internal audit department of an entity or equivalent function or an internal audit …
“Internal audit provider” means a third party contracted to provide internal audit services to an entity. …
“Third parties” , in addition to internal audit providers defined in (f) above, may also include regulators, auditors of controlling entities or joint ventures, advisers to prospective purchasers, investors or lenders, and successor …
“Regulators” may include the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) or the Australian Taxation Office …
For the purposes of this Guidance Statement, the following documents and information which are ordinarily contained in an audit file, do not form part of the auditor’s audit working papers defined in paragraph 7 (b) that are normally provided to third …
When a regulator seeks access to audit working papers, the relevant legislative provisions may permit the regulator to access documents or information that do not form part of the auditor’s audit working papers as outlined in paragraph 8 …
For the purposes of this Guidance Statement, documents or information included in the audit file may be subject to “legal professional privilege” because an audit client, or relevant laws or regulations, at the time it was originally provided, required …