Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_324ae
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 324AE
Character Range: 81195–82025

324AE  Professional members of the audit team

  If an individual auditor, audit firm or audit company conducts an audit of a company or registered scheme, the professional members of the audit team are:
 (a) any registered company auditor who participates in the conduct of the audit; and
 (b) any other person who participates in the conduct of the audit and, in the course of doing so, exercises professional judgment in relation to the application of or compliance with:
 (i) accounting standards; or
 (ii) auditing standards; or
 (iii) the provisions of this Act dealing with financial reporting and the conduct of audits; and
 (c) any other person who is in a position to directly influence the outcome of the audit because of the role they play in the design, planning, management, supervision or oversight of the audit.