Document ID: chunk:federal_register_of_legislation:F2022C01189:reg:7:p21
Version: federal_register_of_legislation:F2022C01189
Segment Type: reg
Provision Reference: reg 7 (pt 21/21)
Character Range: 66910–69357

an individual item of audit evidence is not reliable, such as when audit evidence obtained from one source is inconsistent with that obtained from another.  This may be the case when, for example, responses to enquiries of management, internal auditors, and others are inconsistent, or when responses to enquiries of those charged with governance made to corroborate the responses to enquiries of management are inconsistent with the response by management.  ASA 230 includes a specific documentation requirement if the auditor identified information that is inconsistent with the auditor's final conclusion regarding a significant matter.[25]
[*]  Early adoption, in conjunction with ASA 540 Auditing Accounting Estimates and Related Disclosures, permitted.
[#]  Early adoption, in conjunction with ASA 315 Identifying and Assessing the Risks of Material Misstatement, permitted.
[1]  See ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment.
[2]  See ASA 570 Going Concern.
[3]  See ASA 520 Analytical Procedures.
[4]  See ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
[5]  See ASA 330 The Auditor's Responses to Assessed Risks.
[6]  See ASA 402 Audit Considerations Relating to An Entity Using a Service Organisation, paragraph 8.
[7]  See ASA 620 Using the Work of an Auditor's Expert, paragraph 6.
[8]  Accounting Standard AASB 7 Financial Instruments: Disclosures.
[9]  See ASA 315, paragraph 16.
[10]  See ASA 200, paragraph 5.
[11]  See ASA 330, paragraph 26.
[12]  See ASA 330, paragraph A35.
[13]  See ASA 501 Audit Evidence—Specific Considerations for Inventory and Segment Information.
[14]  See ASA 505 External Confirmations.
[15]  See ASA 580 Written Representations.
[16]  See ASA 520, paragraph 5(a).
[17]  See ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report, paragraph 13.
[18]  See ASA 250, Consideration of Laws and Regulations in an Audit of a Financial Report, paragraph 9.
[19]  See ASA 540 Auditing Accounting Estimates and Related Disclosures.
[20]  See ASA 330, paragraph 6.
[21]  See ASA 540, paragraph 30.
[22]  See ASA 705 Modifications to the Opinion in the Independent Auditor's Report, paragraph 13.
[23] See ASA 620, paragraph 7.
[24]  See ASA 530 Audit Sampling.
[25]  See ASA 230 Audit Documentation, paragraph 11.