sec.37Way in which audit is to be conducted

sec.37 Way in which audit is to be conducted

The auditor-general may conduct an audit in the way the auditor-general considers appropriate. In deciding the appropriate way to conduct an audit, the auditor-general may have regard to— the character of the internal control system of the entity to be audited, including internal audit; and recognised standards and practices. Subsection (2) does not limit the matters to which the auditor-general may have regard. For the audit of a company, the auditor-general is not limited to conducting the audit under the Corporations Act , and may do anything else the auditor-general considers appropriate. For the audit of a trust conducted under section 34A — the auditor-general must conduct the audit under this division as if the trust were a public sector entity; and for the purposes of the audit, references in this division relating to an entity apply— generally to the trust but, if the context requires, to the trustee of the trust; and with any other necessary changes. s 37 amd 2024 No. 3 s 13 (sec.37-ssec.1) The auditor-general may conduct an audit in the way the auditor-general considers appropriate. (sec.37-ssec.2) In deciding the appropriate way to conduct an audit, the auditor-general may have regard to— the character of the internal control system of the entity to be audited, including internal audit; and recognised standards and practices. (sec.37-ssec.3) Subsection (2) does not limit the matters to which the auditor-general may have regard. (sec.37-ssec.4) For the audit of a company, the auditor-general is not limited to conducting the audit under the Corporations Act , and may do anything else the auditor-general considers appropriate. (sec.37-ssec.5) For the audit of a trust conducted under section 34A — the auditor-general must conduct the audit under this division as if the trust were a public sector entity; and for the purposes of the audit, references in this division relating to an entity apply— generally to the trust but, if the context requires, to the trustee of the trust; and with any other necessary changes.

• (a) the character of the internal control system of the entity to be audited, including internal audit; and
• (b) recognised standards and practices.
• (a) the auditor-general must conduct the audit under this division as if the trust were a public sector entity; and
• (b) for the purposes of the audit, references in this division relating to an entity apply— (i) generally to the trust but, if the context requires, to the trustee of the trust; and (ii) with any other necessary changes.
• (i) generally to the trust but, if the context requires, to the trustee of the trust; and
• (ii) with any other necessary changes.
• (i) generally to the trust but, if the context requires, to the trustee of the trust; and