An assurance engagement involves evaluation or measurement of subject matter against criteria. In Australia, which criteria is not used in a financial report audit?

		the Corporations Act
		the Australian Accounting Standards (AASB)
		the listing rules of the ASX
		foreign exchange listing rules and laws that could apply to the financial report

The key benefit to management of there being an internal audit function is that:

		It provides assurance to management that the organisation is complying with its legal requirements.
		External audit costs are reduced.
		It provides assurance to management that fraudulent activities will be detected.
		It aids management in the areas of risk management, control and governance processes.

Legal precedent requires the auditor to report not just to management but to an appropriate level of management, any significant matters identified as a result of audit procedures performed. Which of the following cases is the relevant legal precedent?

		Pacific Acceptance.
		AWA.
		Kingston Cotton Mills.
		Esanda Finance.