Document ID: chunk:federal_register_of_legislation:F2020C00630:reg:25:p31
Version: federal_register_of_legislation:F2020C00630
Segment Type: reg
Provision Reference: reg 25 (pt 31/31)
Character Range: 97846–99173

is necessary.

Considerations Specific to Smaller Firms

A75.         Smaller firms may use more informal methods in the documentation of their systems of quality control such as manual notes, checklists and forms.
[*]  See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.
[1]  See ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information.
[2]  [Footnote deleted by the AUASB.  Refer Aus 12.5, Aus 12.6 and Aus 12.9]
[3]  [Footnote deleted by the AUASB.]
[#]  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.
[*]  For example, Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants.
[4]  [Footnote deleted by the AUASB]
* See ASA 102.
[*]  See, for example, ASIC Regulatory Guide 26 Resignation of Auditors (June 1992).
[*]  For example, Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants.
[5]  See for example, paragraphs R114.1, 114.1 A1 and R360.26 of APES 110 Code of Ethics for Professional Accountants (including Independence Standards).