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

Definitions.................................................................4

Requirements

Risk Assessment Procedures and Related Activities..................................5-10

The Required Understanding of the Entity and its Environment, Including the Entity’s Internal Control11-24

Identifying and Assessing the Risks of Material Misstatement.........................25-31

Documentation..............................................................32

Application and Other Explanatory Material

Risk Assessment Procedures and Related Activities...............................A1-A24

The Required Understanding of the Entity and Its Environment, Including the Entity’s Internal ControlA25-A121

Identifying and Assessing the Risks of Material Misstatement.....................A122-A151

Documentation.......................................................A152-A155

Appendix 1: Internal Control Components

Appendix 2: Conditions and Events That May Indicate Risks of Material Misstatement