Audit Exemption for Small Companies - Accounting and - ACRA

Clarity SSAs - Overview
• Benefits are to strengthen practice in a number of areas,
such as:
- communication with those charged with governance;
- the gathering and evaluation of audit evidence in
relation to accounting estimates, including fair value
estimates;
- the auditing of related party relationships and
transactions; and
- the use of the work of others, such as an auditor’s
expert or other auditors in the context of audits of group
financial statements.
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