CTHIn ForceLegislation
Auditing Standard ASA 2021-5 Amendments to Australian Auditing Standards
//
© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Auditing Standard ASA 2021-5 Amendments to Australian Auditing Standards
Start here
Turn the raw legal text into a practical explanation grounded in Auditing Standard ASA 2021-5 Amendments to Australian Auditing Standards.
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, the applicable financial reporting framework and the entity’s system of internal control, required by ASA 315, the auditor shall perform the procedures in paragraphs 18-25 23-43 of this Auditing Standard to obtain information for use in identifying the risks of material misstatement due to fraud.