Document ID: chunk:federal_register_of_legislation:F2023C01129:reg:11:p12
Version: federal_register_of_legislation:F2023C01129
Segment Type: reg
Provision Reference: reg 11 (pt 12/12)
Character Range: 40071–41405

Assessed Risks.
[7]   See ASA 230 Audit Documentation, paragraphs 8‑11 and paragraph A6.
[8]  See ASA 220, paragraphs 30 and A91-A92.
[9]   See ASA 220, paragraphs 22‑24.
[10]  See ASA 220, paragraphs A73-A74.
[11] ASA 315, paragraph 17, establishes requirements and provides guidance on the engagement team's discussion of the susceptibility of the entity to material misstatements of the financial report.  ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report, paragraph 16, provides guidance on the emphasis given during this discussion to the susceptibility of the entity's financial report to material misstatement due to fraud.
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[12]  See ASA 260 Communication with Those Charged with Governance, paragraph A12.
[13]   See ASA 220, paragraphs 29-31.
[14]  See ASA 315, paragraph 26(a).
[15]   See ASA 510 Initial Audit Engagements—Opening Balances.
[#]  See ASA 610 Using the Work of Internal Auditors, paragraph Aus 1.2.  The use of internal auditors to provide direct assistance is prohibited in an audit or review conducted in accordance with the Australian Auditing Standards.
[16]   See ASA 320 Materiality in Planning and Performing an Audit.
[17]   See ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors), paragraphs 35-36.