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.................................................1-2

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

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

Definitions.................................................................5

Requirements

Sample Design, Size and Selection of Items for Testing................................6-8

Performing Audit Procedures..................................................9-11

Nature and Cause of Deviations and Misstatements.................................12-13

Projecting Misstatements......................................................14

Evaluating Results of Audit Sampling.............................................15

Application and Other Explanatory Material

Definitions.............................................................A1-A3

Sample Design, Size and Selection of Items for Testing............................A4-A13

Performing Audit Procedures..............................................A14-A16

Nature and Cause of Deviations and Misstatements..................................A17

Projecting Misstatements.................................................A18-A20

Evaluating Results of Audit Sampling........................................A21-A23

Appendix 1: Stratification and Value-Weighted Selection

Appendix 2: Examples of Factors Influencing Sample Size for Tests of Controls

Appendix 3: Examples of Factors Influencing Sample Size for Tests of Details

Appendix 4: Sample Selection Methods