CONTENTS

COMPILATION DETAILS

AUTHORITY STATEMENT

CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING

Paragraphs

Application......................................................Aus 0.1-Aus 0.2

Operative Date.........................................................Aus 0.3

Introduction

Scope of this Auditing Standard..................................................1

Effective Date...............................................................2

Objective...................................................................3

Definition.................................................................4-5

Requirements...............................................................6

Limitation on Scope Prior to Audit Engagement Acceptance............................7-8

Agreement on Audit Engagement Terms..........................................9-12

Recurring Audits............................................................13

Acceptance of a Change in the Terms of the Audit Engagement........................14-17

Additional Considerations in Engagement Acceptance...............................18-21

Application and Other Explanatory Material

Scope of this Auditing Standard.................................................A1

Preconditions for an Audit.............................................A2-Aus A21.1

Agreement on Audit Engagement Terms......................................A22-A29

Recurring Audits...........................................................A30

Acceptance of a Change in the Terms of the Audit Engagement......................A31-A35

Additional Considerations in Engagement Acceptance............................A36-A39

Appendix 1: Example of an Audit Engagement Letter

Appendix 2: Determining the Acceptability of General Purpose Frameworks