Document ID: chunk:federal_register_of_legislation:F2023C01120:reg:3:p4
Version: federal_register_of_legislation:F2023C01120
Segment Type: reg
Provision Reference: reg 3 (pt 4/12)
Character Range: 19670–22807

place.  (Ref: Para. A14)

11.               If the auditor identified information that is inconsistent with the auditor's final conclusion regarding a significant matter, the auditor shall document how the auditor addressed the inconsistency.  (Ref: Para. A15)

12.               [Deleted by the AUASB.  Refer Aus 12.1]

Documentation of Inability to Comply with Requirements

Aus 12.1 Where, in rare and exceptional circumstances, factors outside the auditor's control prevent the auditor from complying with an essential procedure contained within a relevant requirement, the auditor shall document:  (Ref: Para. A18‑A19)

(a) The circumstances surrounding the inability to comply;

(b) The reasons for the inability to comply; and

(c) Justification of how alternative audit procedures achieve the objectives of the requirement.

Matters Arising after the Date of the Auditor's Report

13.               If, in exceptional circumstances, the auditor performs new or additional audit procedures or draws new conclusions after the date of the auditor's report, the auditor shall document: (Ref: Para. A20)

(a)                The circumstances encountered;

(b)                The new or additional audit procedures performed, audit evidence obtained, and conclusions reached, and their effect on the auditor's report; and

(c)                When and by whom the resulting changes to audit documentation were made and reviewed.

Assembly of the Final Audit File

14.               The auditor shall assemble the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor's report.  (Ref: Para. A21‑A22)

15.               After the assembly of the final audit file has been completed, the auditor shall not delete or discard audit documentation of any nature before the end of its retention period.
(Ref: Para. A23-Aus A23.2)

16.               In circumstances other than those envisaged in paragraph 13 of this Auditing Standard where the auditor finds it necessary to modify existing audit documentation or add new audit documentation after the assembly of the final audit file has been completed, the auditor shall, regardless of the nature of the modifications or additions, document:  (Ref: Para. A24)

(a)                The specific reasons for making them; and

(b)                When and by whom they were made and reviewed.

* * *

Application and Other Explanatory Material

Timely Preparation of Audit Documentation (Ref: Para. 7)

A1.             Preparing sufficient and appropriate audit documentation on a timely basis helps to enhance the quality of the audit and facilitates the effective review and evaluation of the audit evidence obtained and conclusions reached before the auditor's report is finalised.  Documentation prepared after the audit work has been performed is likely to be less accurate than documentation prepared at the time such work is performed.

Documentation of the Audit Procedures Performed and Audit Evidence Obtained

Form, Content and Extent of Audit Documentation (Ref: Para. 8)

A2.