Auditing Standard ASA 2022-1 Amendments to Australian Auditing Standards
Amendments to ASA 720Amendments to ASA 720
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Amendments to ASA 720
- Existing paragraph A35 is amended to read as follows:
The auditor may determine that referring to relevant audit documentation or making enquiries of relevant members of the engagement team, including or relevant component auditors, is appropriate as a basis for the auditor’s consideration of whether a material inconsistency exists. For example:
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- Existing paragraph A36 is amended to read as follows:
Whether, and if so the extent to which, the auditor refers to relevant audit documentation, or makes enquiries of relevant members of the engagement team, including or relevant component auditors, is a matter of professional judgement. However, it may not be necessary for the auditor to refer to relevant audit documentation, or to make enquiries of relevant members of the engagement team, including or relevant component auditors, about any matter included in the other information.