Document ID: chunk:federal_register_of_legislation:F2022C01186:reg:14:p24
Version: federal_register_of_legislation:F2022C01186
Segment Type: reg
Provision Reference: reg 14 (pt 24/30)
Character Range: 80044–83148

in the public sector.  The public sector auditor's responsibilities, however, may be affected by the audit mandate, or by obligations on public sector entities arising from law, regulation or other authority (such as ministerial directives, government policy requirements, or resolutions of the legislature), which may encompass a broader scope than an audit of a financial report in accordance with the Australian Auditing Standards.  These additional responsibilities are not dealt with in the Australian Auditing Standards.  They may be dealt with in guidance developed by government audit agencies.

Contents of the Australian Auditing Standards (Ref: Para. 19)

A63.         In addition to objectives and requirements (requirements are expressed in the Australian Auditing Standards using "shall"), an Auditing Standard contains related guidance in the form of application and other explanatory material.  It may also contain introductory material that provides context relevant to a proper understanding of the Auditing Standard, and definitions.  The entire text of an Auditing Standard, therefore, is relevant to an understanding of the objectives stated in an Auditing Standard and the proper application of the requirements of an Auditing Standard.

A64.         Where necessary, the application and other explanatory material provides further explanation of the requirements of an Auditing Standard and guidance for carrying them out.  In particular, it may:

           * Explain more precisely what a requirement means or is intended to cover, including in some Auditing Standards such as ASA 315, why a procedure is required.

           * Include examples of procedures that may be appropriate in the circumstances. In some Auditing Standards, such as ASA 315, examples are presented in boxes.

    While such guidance does not in itself impose a requirement, it is relevant to the proper application of the requirements of an Auditing Standard.  The application and other explanatory material may also provide background information on matters addressed in an Auditing Standard.

A65.         Appendices form part of the application and other explanatory material.  The purpose and intended use of an appendix are explained in the body of the related Auditing Standard or within the title and introduction of the appendix itself.

A66.         Introductory material may include, as needed, such matters as explanation of:

           * The purpose and scope of the Auditing Standard, including how the Auditing Standard relates to other Auditing Standards.

           * The subject matter of the Auditing Standard.

           * The respective responsibilities of the auditor and others in relation to the subject matter of the Auditing Standard.

           * The context in which the Auditing Standard is set.

A67.         An Auditing Standard may include, in a separate section under the heading "Definitions," a description of the meanings attributed to certain terms for purposes of the Australian Auditing Standards.  These are provided to assist in the consistent application and