Specific Requirements in ASQC 1 and OtheSpecific Requirements in ASQC 1 and Other Australian Auditing Standards that Refer to Communications with Those Charged With Governance

Specific Requirements in ASQC 1 and Other Australian Auditing Standards that Refer to Communications with Those Charged With Governance

This Appendix identifies paragraphs in ASQC 1[12] and other Australian Auditing Standards, in effect for an audit of a financial report, or a complete set of financial statements, for periods commencing on or after 1 January 2010, that require communication of specific matters with those charged with governance. The list is not a substitute for considering the requirements and related application and other explanatory material in the Australian Auditing Standards.

• ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements - paragraph 30(a)
• ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report – paragraphs 21, 38(c)(i) and 40‑42
• ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report – paragraphs 14, 19 and 22‑24
• ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management - paragraph 9
• ASA 450 Evaluation of Misstatements Identified during the Audit – paragraphs 12‑13
• ASA 505 External Confirmations - paragraph 9
• ASA 510 Initial Audit Engagements―Opening Balances - paragraph 7
• ASA 550 Related Parties - paragraph 27
• ASA 560 Subsequent Events – paragraphs 7(b)‑(c), 10(a), 13(b), 14(a) and 17
• ASA 570 Going Concern - paragraph 23
• ASA 600 Special Considerations―Audits of a Group Financial Report (Including the Work of Component Auditors) - paragraph 49
• ASA 705 Modifications to the Opinion in the Independent Auditor’s Report – paragraphs 12, 14, 19(a) and 28
• ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report - paragraph 9
• ASA 710 Comparative Information―Corresponding Figures and Comparative Financial Reports - paragraph 18
• ASA 720 The Auditor’s Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report – paragraphs 10, 13 and 16
• ASRE 2410 Review of a Financial Report by the Independent Auditor of the Entity – paragraphs 27, 28, 30 and 31