Document ID: chunk:federal_register_of_legislation:F2017C00907:reg:15:p12
Version: federal_register_of_legislation:F2017C00907
Segment Type: reg
Provision Reference: reg 15 (pt 12/12)
Character Range: 41014–42272

Accounting Standards is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance (See AASB 101 Presentation of Financial Statements, paragraph 17(c)).
  [8]  See ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report, paragraphs A1‑A6.
  [9]  See ASA 530 Audit Sampling, paragraphs 14‑15.
  [10]  See ASA 530, paragraph 5(c)‑(d).
  [*]  See, for example, Part 9.4AAA of the Corporations Act 2001.
  [11]  See ASA 700, paragraph 12.
  [12]  See ASA 320, paragraph 12.
  [13]  See ASA 700 Forming an Opinion and Reporting on a Financial Report.
  [14]  The identification of a number of immaterial misstatements within the same account balance or class of transactions may require the auditor to reassess the risk of material misstatement for that account balance or class of transactions.
  [15]  See ASA 720 The Auditor's Responsibilities Relating to Other Information.
  [16]  See ASA 240, paragraph 35.
  [17]  See ASA 200, paragraph 15.
  [18]  See ASA 260, paragraph 13.
  [19]  See ASA 260, paragraph 16(c)(ii).
  [*]  See ASA 580 Written Representations, Appendix 2, Illustrative Representation Letter.