Document ID: chunk:federal_register_of_legislation:C2024C00492:section:6:p113
Version: federal_register_of_legislation:C2024C00492
Segment Type: section
Provision Reference: s 6 (pt 113/175)
Character Range: 457987–460779

with the accounting standards:
 (a) an applied provision of the Corporations Act;
 (b) regulations made for the purposes of section 333‑15;
 (c) a determination by the Registrar under section 336‑1 or 336‑5.

339‑15  When audit required to be conducted in accordance with auditing standards
  An audit is required to be conducted in accordance with the auditing standards if one of the following requires the audit to be conducted in accordance with the auditing standards:
 (a) an applied provision of the Corporations Act;
 (b) regulations made for the purposes of section 333‑15;
 (c) a determination by the Registrar under section 336‑1 or 336‑5.

339‑20  Lead and review auditors

Lead auditor
 (1) If an audit firm or audit company conducts an audit of a financial report of an Aboriginal and Torres Strait Islander corporation, the lead auditor for the audit is the registered company auditor who is primarily responsible to the audit firm or the audit company for the conduct of the audit.

Review auditor
 (2) If an individual auditor, audit firm or audit company conducts an audit of a financial report of an Aboriginal and Torres Strait Islander corporation, the review auditor for the audit is the registered company auditor (if any) who is primarily responsible to the individual auditor, the audit firm or the audit company for reviewing the conduct of the audit.

339‑25  Professional members of the audit team
  If an individual auditor, audit firm or audit company conducts an audit of a financial report of an Aboriginal and Torres Strait Islander corporation, 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.

Subdivision 339‑B—Conduct of the audit

339‑30  Auditor to form opinion
  The auditor of a financial report must form an opinion about:
 (a) whether the financial report is in accordance with:
 (i) this Act; and
 (ii) any applicable regulations made for the purposes of sections 333‑10 and 333‑15; and
 (iii) any applicable determinations made by the Registrar under section 336‑1 or 336‑5; and
 (b) whether the auditor has been given all information, explanations and assistance necessary for the conduct of the audit; and
 (c) whether the