CTHRepealedLegislation
Auditing Standard ASA 101 Preamble to AUASB Standards
Explanatory Material (Ref: Para. A45-A55Explanatory Material (Ref: Para. A45-A55)
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Explanatory Material (Ref: Para. A45-A55)
- The assurance practitioner shall have an understanding of the entire text of an AUASB Standard, including its application and other explanatory material, to understand its objectives and to apply the mandatory components of the standard properly. The explanatory material is included in each standard under the headings listed below (where applicable):
(a) Conformity with International Standards. (Ref: Para. A45-A49)
(b) Application. (Ref: Para. A28, A32).
(c) Introduction. (Ref: Para. A50)
(d) Application and Other Explanatory Material. (Ref: Para. A51-A53)
(e) Appendices. (Ref: Para. A54)
Explanatory material does not create or extend mandatory components.
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