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

Effective Date...............................................................3

Objective...................................................................4

Requirements

Involvement of Key Engagement Team Members......................................5

Preliminary Engagement Activities................................................6

Planning Activities.........................................................7-11

Documentation..............................................................12

Additional Considerations in Initial Audit Engagements................................13

Application and Other Explanatory Material........................................A1

The Role and Timing of Planning.............................................A2-A4

Involvement of Key Engagement Team Members....................................A5

Preliminary Engagement Activities............................................A6-A8

Planning Activities.......................................................A9-A18

Documentation.........................................................A19-A23

Additional Considerations in Initial Audit Engagements...............................A24

Appendix 1: Considerations in Establishing the Overall Audit Strategy