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It sets out the scope, operative and effective dates, objectives, and key definitions, then details auditor responsibilities for compliance, including what to do when non-compliance is identified or suspected. It further covers required audit procedures, communication and reporting of identified or suspected non-compliance, and documentation expectations, supported by application and explanatory material.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/asa-250-consideration-of-laws-and-regulations-in-an-audit-of-a-financial-report-compiled-december-2023/386990/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/asa-250-consideration-of-laws-and-regulations-in-an-audit-of-a-financial-report-compiled-december-2023/386990.png","ImageObject",300,407,{"name":92,"@type":93},"CatatanPagi","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-24",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the focus of Auditing Standard ASA 250?","Question",{"text":112,"@type":113},"ASA 250 focuses on the auditor’s consideration of laws and regulations in an audit of a financial report, including responsibilities, procedures, and related reporting.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What happens when non-compliance is identified or suspected?",{"text":117,"@type":113},"The standard specifies audit procedures to address identified or suspected non-compliance and guides how such matters should be communicated and reported.",{"name":119,"@type":110,"acceptedAnswer":120},"What does ASA 250 require regarding documentation?",{"text":121,"@type":113},"ASA 250 includes requirements for documentation related to the auditor’s consideration of compliance with laws and regulations, including evidence supporting work performed.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},386990,1790616796,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},962090894170,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Compiled Auditing Standard ASA 250  \n(December 2023)  \nAuditing Standard ASA 250 Consideration of Laws and Regulations inan Audit of a Financial Report  \nThis compilation was prepared on 28 February 2023 taking into account amendments made by ASA 2020-2, ASA 2020-1, ASA 2021-1 and ASA 2022-1.  \nCompilation number: 4  \nCompilation date: 14 December 2023  \nPrepared by the Auditing and Assurance Standards Board  \nAuthorised Version F2023C01125 registered 14/12/2023  \nObtaining a Copy of this Auditing Standard  \nThe most recently compiled versions of Auditing Standards, original Standards and amending Standards (see Compilation Details) are [available on the AUASB website: www.auasb.gov.au](available on the AUASB website: www.auasb.gov.au)  \nContact Details  \nAuditing and Assurance Standards Board Phone: (03) 8080 7400  \nE-mail: [enquiries@auasb.gov.au](enquiries@auasb.gov.au)  \nPostal Address:  \nPO Box 204  \nCollins Street West Melbourne Victoria 8007 AUSTRALIA  \nCOPYRIGHT  \n© 2023 Commonwealth of Australia. The text, graphics and layout of this Auditing Standard are protected by Australian copyright law and the comparable law of other countries. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source as being the Australian Auditing and Assurance Standards Board (AUASB) .  \nRequests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne,  \nVictoria 8007 or sent to [enquiries@auasb.gov.au](enquiries@auasb.gov.au. Otherwise)[. Otherwise](enquiries@auasb.gov.au. Otherwise), no part of this Auditing Standard may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.  \nThis Auditing Standard reproduces substantial parts of the corresponding International Standard on Auditing issued by the International Auditing and Assurance Standards Board (IAASB) and published by the International Federation of Accountants (IFAC), in the manner described in the statement on Conformity with International Standards on Auditing. The AUASB acknowledges that IFAC is the owner of copyright in the International Standard on Auditing incorporated in this Auditing Standard throughout the world.  \nAll existing rights in this material are reserved outside Australia. Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only.  \nFurther information and requests for authorisation to reproduce this Auditing Standard for commercial purposes outside Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to [enquiries@auasb.gov.au](enquiries@auasb.gov.au. Any decision to approve a request may also)[. Any decision to approve a request may also](enquiries@auasb.gov.au. Any decision to approve a request may also)[ ](enquiries@auasb.gov.au. Any decision to approve a request may also)[require the agreement ofIFAC.](require the agreement ofIFAC.)  \nISSN 1833-4393  \nASA 250 – compiled -2- AUDITING STANDARD  \nAuthorised Version F2023C01125 registered 14/12/2023  \nCONTENTS  \nCOMPILATION DETAILS  \nAUTHORITY STATEMENT  \nCONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING  \nParagraphs  \nApplication ..................................................................................................................... Aus 0.1-Aus 0.2  \nOperative Date ............................................................................................................................. Aus 0.3  \nIntroduction  \nScope of this Auditing Standard............................................................................................................... ","cbCaiqkR4zN5DO8F","https://ap.wps.com/l/cbCaiqkR4zN5DO8F","pdf",841213,22,"English","# Compilation Details\n# Authority Statement\n# Conformity with International Standards on Auditing\n# Application\n## Scope of this Auditing Standard\n## Effect of Laws and Regulations\n## Responsibility for Compliance with Laws and Regulations\n## Effective Date\n## Objectives\n## Definition\n# Requirements\n## The Auditor’s Consideration of Compliance with Laws and Regulations\n## Audit Procedures When Non-Compliance Is Identified or Suspected\n## Communicating and Reporting Identified or Suspected Non-Compliance\n## Documentation\n# Application and Other Explanatory Material\n## Responsibility for Compliance with Laws and Regulations\n## Definition\n## The Auditor’s Consideration of Compliance with Laws and Regulations\n## Audit Procedures When Non-Compliance Is Identified or Suspected\n## Communicating and Reporting Identified or Suspected Non-Compliance\n## Documentation","[{\"question\":\"What is the focus of Auditing Standard ASA 250?\",\"answer\":\"ASA 250 focuses on the auditor’s consideration of laws and regulations in an audit of a financial report, including responsibilities, procedures, and related reporting.\"},{\"question\":\"What happens when non-compliance is identified or suspected?\",\"answer\":\"The standard specifies audit procedures to address identified or suspected non-compliance and guides how such matters should be communicated and reported.\"},{\"question\":\"What does ASA 250 require regarding documentation?\",\"answer\":\"ASA 250 includes requirements for documentation related to the auditor’s consideration of compliance with laws and regulations, including evidence supporting work performed.\"}]","ASA 250 - Consideration of Laws and Regulations in an Audit of a Financial Report - Compiled December 2023 | PDF",1790280336,55]