Performance engagements

Identify those entities and personnel Establish the responsible for performance relatingOur mandate terms of the to the subject matter Part 4 of the Audit Act 1994 (Audit Act) deals with the engagement Develop the engagement objective, conduct of performance audits and Part 5 deals with lines of inquiry and evaluation criteria limited assurance reviews. [...] Communicate the terms of reference to the responsible parties While the parties responsible for the activities that are the focus of our performance engagements are often public bodies, we can include an associated entity or Assess the risk of significant variations other entity that supplies services or performs in performance against the evaluation functions for, or on behalf of, a public bo. [...] engagement Develop a plan that outlines theevidence we will obtain and the We report results of our performance engagements procedures we will use to gather and in Parliament under Part 8 of the Audit Act. [...] substantiate that evidence Section 78 of the Audit Act requires that we adhere to standards and ethical pronouncements issued by the Complete the planned procedures and Australian Auditing and Assurance Standards Board. [...] Key documents include the … Which … Introduction letter defines the activity that is the subject of the engagement and how that activity was identified Engagement initiation letter sets out the terms on which we undertake the engagement Engagement strategy sets out our understanding of the engagement context, the engagement objective and criteria, and the respective roles and responsibilities End.