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provided by the Auditor in accordance with this Reporting Standard, and any associated assessments and other material prepared in connection with fulfilling the requirements of this Reporting Standard;

       (b)          commentary or responses provided to the RFC by APRA (including responses provided by APRA on behalf of the agencies) on reports provided by the Auditor, and any associated assessments and other material; and

       (c)          any commentary or response given by the RFC on the Auditor's reports, associated assessments and other material given by the RFC to APRA.

    13.         An RFC must ensure that, upon request by APRA in writing, the Auditor provides working papers and other documentation to APRA.

Internal audit
    14.         An RFC must ensure that the scope of internal audit includes a review of the policies, processes and controls put in place by management for compliance with the EFS reporting standards.

Responsibilities of the Auditor

    15.         An RFC must ensure that the Auditor provides reports to the RFC's Board on the matters referred to in paragraph 16 within four months after the RFC's financial year end.

    16.         An RFC must ensure that the reports prepared by the Auditor provide:

       (a)          Reasonable assurance or limited assurance in accordance with paragraph 17 on the information required under:

           (i)            Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position;

           (ii)         Reporting Standard ARS 720.1 ABS/RBA Loans and Leases; and

           (iii)       Reporting Standard ARS 720.2 ABS/RBA Deposits.

       (b)          Limited assurance that the RFC's systems, processes and internal controls:

           (i)            are designed to ensure that the RFC has complied with all applicable reporting requirements under the EFS collection;

           (ii)         are designed to ensure the RFC has provided reliable data to APRA as required under the EFS collection; and

           (iii)       have operated effectively for the purposes of subparagraphs (b)(i) and (b)(ii) above throughout the RFC's financial year.

    17.         An RFC must ensure that the Auditor, when reporting in accordance with paragraph 16:

       (a)          for data sourced only from accounting records – provides reasonable assurance that the information in these collections, as at the RFC's financial year end, is reliable and in accordance with the relevant reporting standards.

       (b)          for data sourced only from non-accounting records – provides limited assurance that the information in these collections, as at the RFC's financial year end, is reliable and in accordance with the relevant reporting standards;

       (c)          for data sourced from a combination of accounting records and non-accounting records – provides reasonable assurance that information sourced from accounting records, and limited assurance that information sourced from non-accounting records, as at the RFC's financial year end, is reliable and in accordance with the relevant reporting standards.

    18.         For the purposes of this Reporting Standard, reasonable assurance and limited assurance are defined