Company Responsible for preparing the financial statements in accordance with applicable accounting standards. Responsible for providing the auditor with access to all relevant records and information. Responsible for responding to the auditor's inquiries in a timely manner. Auditor Responsible for planning and conducting the audit in accordance with the Australian Auditing Standards (AUS). Responsible for obtaining an understanding of the company's internal controls and assessing their effectiveness. Responsible for performing tests of controls and substantive procedures to obtain evidence about the accuracy and completeness of the financial statements. Responsible for forming an opinion on whether the financial statements are prepared in accordance with applicable accounting standards and whether they give a true and fair view of the company's financial position and performance. Responsible for issuing an audit report that communicates the auditor's findings to the company's management and shareholders. Directors Responsible for ensuring that the financial statements are prepared in accordance with applicable accounting standards and that they give a true and fair view of the company's financial position and performance. Responsible for signing the financial statements and the auditor's report. Tax Agent Responsible for preparing the company's tax return and filing it with the relevant tax authorities. The workflow of a statutory audit in Australia is typically as follows: The company submits its financial statements to the auditor. The auditor performs planning and risk assessment procedures. The auditor obtains an understanding of the company's internal controls. The auditor performs tests of controls and substantive procedures. The auditor forms an opinion on the financial statements. The auditor issues an audit report. The company's directors sign the financial statements and the auditor's report. The company's tax agent prepares the company's tax return and files it with the relevant tax authorities. The specific responsibilities of each party involved in a statutory audit may vary depending on the specific circumstances. However, the general workflow and responsibilities outlined above are typically followed in Australia.