TAILIEUCHUNG - Lecture Auditing and assurance services in Australia (4th ed): Chapter 13 - Grant Gay, Roger Simnett

Chapter 13 - The auditor’s reporting obligations. In this chapter we will discuss: understand the nature and significance of the auditor’s reporting obligations; understand the structure and qualitative characteristics of the auditor’s report; explain the differences between the concepts of ‘true and fair’ and ‘presents fairly in accordance with’, and between a fair presentation framework and a compliance framework. | Chapter 13 The auditor’s reporting obligations 13- Learning objective 1: Obligations to report ASA/ISA : objective of an audit of the financial report is to enable the auditor to express an opinion as to whether the financial report is prepared, in all material respects, in accordance with an applicable financial reporting framework. Audit to be conducted in accordance with approved auditing standards. In Australia, the auditor has an obligation to form a conclusion as to whether the financial report has been prepared using Australian accounting standards issued by the AASB. 13- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Obligations to report (cont.) The Corporations Act 2001, s 307, requires the auditor to form an opinion as to: (a) Whether the financial report is in accordance with the Act, including: (i) s 296 or 304 (compliance with accounting standards), and (ii) s 297 or 305 (true and fair view), and (aa) if the financial report includes additional information (to give a true and fair view of the financial position and performance) — whether the inclusion of that information was necessary to give the true and fair view required by s 297 or 305, and 13- Copyright 2010 McGraw-Hill Australia Pty Ltd PPTs t/a Auditing and Assurance Services in Australia 4e by Grant Gay and Roger Simnett Slides prepared by Roger Simnett Obligations to report (cont.) s 307 continued: (b) whether the auditor has been given all information, explanation and assistance necessary for the conduct of the audit, and (c) whether the company, registered scheme or disclosing entity has kept financial records sufficient to enable a financial report to be prepared and audited, and (d) whether the company, registered scheme or disclosing entity has kept other records and registers as required by this Act. 13- Copyright 2010 .

• Kế toán - Kiểm toán
• Assurance services profession
• Assurance services
• Auditing services
• Audit process
• Auditor’s reporting obligations
• Professional reporting obligations
• Structure of the profession
• Audit firms
• Assurance framework
• Accounting information
• Professional status
• Regulation of auditing
• The auditing profession
• Corporate governance
• Professional ethics
• Legal liability
• Liability to clients
• Financial repport audit process
• Financial report assertions
• The business
• Strategic business risk
• Inherent risk assessment
• Inherent risk
• Internal control structure
• Assessing control risk
• Tests of controls
• Sales cycle
• Substantive tests
• Substantive tests of transactions
• Audit sampling
• Sampling theory
• Adjusting events
• Financial report
• Prospective financial information
• Highlight information
• Institute of internal auditors
• Government accounting
• Reporting duties
• E commerce systems
• Business risk assessments