Auditing Standard ASA 2022-1 Amendments to Australian Auditing Standards
Amendments to ASA 240Amendments to ASA 240
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Amendments to ASA 240
- Existing paragraph A6 is amended to read as follows:
Law, regulation or relevant ethical requirements may require the auditor to perform additional procedures and take further actions. For example, the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the Accounting and Professional and Ethical Standards Board requires the auditor to take steps to respond to identified or suspected non-compliance with laws and regulations and determine whether further action is needed. Such steps may include the communication of identified or suspected non-compliance with laws and regulations betweento other auditors within the engagement teama group, including a group engagement partner, component auditors, or other auditors performing work at entities or business unitscomponents of a group for purposes other than the audit of the group financial report. 15