23 paragraphs found
If the auditor assesses significant risks in the area of investments in associates, this will impact all areas of the audit including planning, audit testing and gathering of appropriate audit evidence to mitigate these …
The audit implications and audit responses included in this Guidance Statement may apply to obtaining audit evidence for Joint Ventures that may be equity accounted for under Accounting Standard AASB 131 Interests in Joint Ventures …
Evidence pertaining to the application of the equity method may be available in the following forms: Audited Financial Reports Financial reports of an associate available to the equity holders of that associate generally constitute sufficient appropriate …
The audit of equity accounting balances and adjustments requires adequate attention during the planning of the audit. The auditor develops the audit plan in accordance with ASA 300 Planning an Audit of a Financial Report and ASA 330 The Auditor’s …
The guidance in this Guidance Statement for planning an audit and audit evidence issues regarding an investment in an associate, applies, as appropriate, to the review of an investor’s financial …
This Guidance Statement discusses audit implications for auditors who do not have direct access to information from an associate of an investor and which may restrict the auditor’s ability to gather sufficient appropriate audit …
To obtain reasonable assurance, the auditor obtains sufficient appropriate audit evidence to reduce audit risk to an acceptably low level and thereby enables the auditor to draw reasonable conclusions on which to base the auditor’s …
… This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide …
… There is no equivalent International Auditing Practice Statement (IAPS) to this Guidance …
In those cases where the auditor of the investor is unable to obtain sufficient appropriate audit evidence, there may be a limitation on the scope of the audit. In such cases, the auditor complies with the requirements in ASA 705 Modifications to the …