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

Accumulation of Identified Misstatements...........................................5

Consideration of Identified Misstatements as the Audit Progresses........................6-7

Communication and Correction of Misstatements....................................8-9

Evaluating the Effect of Uncorrected Misstatements.................................10-13

Written Representation........................................................14

Documentation..............................................................15

Application and Other Explanatory Material

Definition of Misstatement.....................................................A1

Accumulation of Identified Misstatements..........................................A2

Misstatements in Individual Statements............................................A3

Misstatements in Disclosures...................................................A4

Accumulation of Misstatements..............................................A5-A6

Consideration of Identified Misstatements as the Audit Progresses.....................A7-A9

Communication and Correction of Misstatements................................A10-A13

Evaluating the Effect of Uncorrected Misstatements..............................A14-A28

Written Representation.......................................................A29

Documentation............................................................A30