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

The Auditor’s Responsibility for the Audit Opinion....................................3

Effective Date...............................................................4

Objectives..................................................................5

Definitions.................................................................6

Requirements

Determining the Need for an Auditor’s Expert........................................7

Nature, Timing and Extent of Audit Procedures.......................................8

The Competence, Capabilities and Objectivity of the Auditor’s Expert.......................9

Obtaining an Understanding of the Field of Expertise of the Auditor’s Expert.................10

Agreement with the Auditor’s Expert..............................................11

Evaluating the Adequacy of the Auditor’s Expert’s Work.............................12-13

Reference to the Auditor’s Expert in the Auditor’s Report............................14-15

Application and Other Explanatory Material

Definition of an Auditor’s Expert.............................................A1-A3

Determining the Need for an Auditor’s Expert....................................A4-A9

Nature, Timing and Extent of Audit Procedures.................................A10-A13

The Competence, Capabilities and Objectivity of the Auditor’s Expert.................A14-A20

Obtaining an Understanding of the Field of Expertise of the Auditor’s Expert............A21-A22

Agreement with the Auditor’s Expert.........................................A23-A31

Evaluating the Adequacy of the Auditor’s Expert’s Work..........................A32-A40

Reference to the Auditor’s Expert in the Auditor’s Report..........................A41-A42

Appendix 1: Considerations for Agreement between the Auditor and an Auditor’s External Expert