Document ID: chunk:federal_register_of_legislation:F2023C01124:reg:17:p40
Version: federal_register_of_legislation:F2023C01124
Segment Type: reg
Provision Reference: reg 17 (pt 40/41)
Character Range: 124956–127958

governance.

      * Accounting policies that appear to be at variance with industry norms.

      * Frequent changes in accounting estimates that do not appear to result from changed circumstances.

      * Tolerance of violations of the entity's Code of Conduct.

[*]  Early adoption, in conjunction with ASA 540 Auditing Accounting Estimates and Related Disclosures, permitted.
[#]  Early adoption, in conjunction with ASA 315 Identifying and Assessing the Risks of Material Misstatement, permitted.
[1]   See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment.
[2]   See ASA 330 The Auditor's Responses to Assessed Risks.
[3]   See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards, paragraph A53‑A54.
[4]   See ASA 200, paragraph A53.
[5]  See ASA 200, paragraph 15.
[6]  See ASA 315, paragraph 17‒18.
[7]   See ASA 260 Communication with Those Charged with Governance, paragraph 13.
[8]   See ASA 315, paragraph 28.
[9]  See ASA 315, paragraph 26(a)(i) and 26(d).
[10]   See ASA 330, paragraph 5.
[11]   See ASA 330, paragraph 6.
[12]  See ASA 230 Audit Documentation, paragraphs 8‑11 and paragraph A6.
[13]   See ASA 315, paragraph 38.
[14]   See ASA 330, paragraph 28.
[15]  See, for example, paragraphs R360.16-360.18 A1 of the APES 110 Code of Ethics for Professional Accountants (including Independence Standards).
[16]   See ASA 200, paragraph A49.
[17]   See ASA 315, paragraphs 14(a) and 24(a)(ii), and ASA 610 Using the Work of Internal Auditors.
[18]   See ASA 260, paragraphs A1‑A8, that discuss with whom the auditor communicates when the entity's governance structure is not well defined.
[19]  See ASA 315, paragraph 12(f).
[20]  See ASA 315, paragraph 21.
[21]   See ASA 315, paragraph A75.
[22]  See ASA 315, paragraph 26(a)(ii).
[23]   See ASA 540 Auditing Accounting Estimates and Related Disclosures, paragraph 14.
[24]   See ASA 330, paragraph 25.
[25]   See ASA 450 Evaluation of Misstatements Identified during the Audit.
[26]   See ASA 700 Forming an Opinion and Reporting on a Financial Report.
[27]   Relevant ethical requirements may provide guidance on communications with a proposed successor auditor.  See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.
[28]   See ASA 580 Written Representations.
   See, for example, the Corporations Act 2001, Part 9.4AAA Protection for Whistleblowers.
[29]   See ASA 260, paragraph A38.
[30]  See ASA 250, Consideration of Laws and Regulations in an Audit of a Financial Report, paragraphs A28–A34
[*]  See ASIC Regulatory Guide 34 Auditor's obligations: reporting to ASIC (May 2013), which provides guidance to help auditors comply with their obligations, under sections 311, 601HG and 990K of the Corporations Act 2001, to report contraventions and suspected contraventions to ASIC.
[31]   Management incentive