101 paragraphs found
Internal audit function means a function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity’s governance, risk management and internal control processes. …
Direct assistance means the use of internal auditors to perform audit procedures under the direction, supervision and review of the external auditor. …
Paragraphs 26-35 have been deleted by the AUASB as the use of internal auditors to provide direct assistance is prohibited in an audit or review conducted in accordance with the Australian Auditing …
The application of a systematic and disciplined approach to planning, performing, supervising, reviewing and documenting its activities distinguishes the activities of the internal audit function from other monitoring control activities that may be …
The external auditor has sole responsibility for the audit opinion expressed, and that responsibility is not reduced by the external auditor’s use of the work of the internal audit function on the engagement. Although they may perform audit procedures …
This Auditing Standard applies to: an audit of a financial report for a financial year, or an audit or a review 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 …
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 2014. Early adoption is permitted. …
The external auditor shall determine whether the work of the internal audit function can be used for purposes of the audit by evaluating the following: The extent to which the internal audit function’s organisational status and relevant policies and …