We produce fact sheets to share our insights and explain our role.
This document outlines our new assessment tools for internal controls, which we are rolling out from 2021–22. The assessment tools are scalable to an entity's size and complexity, are principle-based, and help identify where an entity has opportunities to improve the efficiency and/or effectiveness of its controls.
This document introduces our new online self-assessment system that allows entities to self-assess their progress implementing our recommendations. It discusses the new system, how the self-assessment process works, how we select follow-up audits, and our communication with entities.
This document outlines QAO's process around certifying the independent audit report for audited financial statements, our legal requirements, and how entities can use the electronically signed statements. It provides instructions for entities on how to import the signed independent auditor's report into an annual report.
This document provides guidance for financial reporting areas that may be impacted by COVID-19, including cash flow management and going concern; recoverability of receivables; valuation of property, plant and equipment; fair value of financial assets and liabilities; rent concessions; increased disclosures; contingent liabilities and guarantees; events after reporting date; and other accounting standards.
This document outlines both challenges and opportunities for entities and their auditors where physical inspections by expert valuers are restricted from fair valuing physical assets using current replacement cost.
Position papers are a key record of decisions for accounting matters and the outcomes of valuations. This fact sheet provides guidance on identifying topics and the type of information to include.
This document explains how the revised auditing standard ASA 720 The Auditor's Responsibilities Relating to Other Information affects audit procedures and management responsibilities.