is appointed for the purposes of expressing an opinion or conclusion on the audit requirements outlined in detail in paragraph 3; has experience in conducting financial, performance, operation or quality assurance audits and conducting data sampling in the electricity industry; possesses relevant knowledge and experience in the electricity industry, engineering, IT systems, asset management or customer service as relevant to the audit or review; understands the procedures and methodologies underlying the data and the relevant definitions for all information; and AER’s if necessary, is available to discuss issues relating to the audits with DNSP and the AER, including where an Audit Report or Review Report is critical of, or highlights deficiencies in, the audited Financial Information and/or Non-financial Information. The review of information referred to in paragraph 1.1(c) and those parts of 1.1(d) that relate to Non-financial Information may be conducted by a person who: does not satisfy all of the requirements in paragraph 2.1(a); is an assurance practitioner as defined in ASAE 3000 Assurance engagements other than audits or reviews of historical financial information; and satisfies the requirements of paragraphs 2.1(b) to (g). AUDIT AND REVIEW REQUIREMENTS Audits and reviews must be conducted in compliance with Australian Auditing and Assurance Standards, as developed by the Auditing and Assurance Standards Board. The audit of Actual Financial Information referred to in paragraph 1.1(a) and those parts of paragraph 1.1(d) that relate to Actual Financial Information must: comply with the Auditing Standard ASA 805 Special Considerations Audits of — Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and the Audit Report must include an opinion as to whether or not the Financial Information provided is presented fairly in accordance with the requirements of this Notice and Basis of Preparation. DNSP’s The review of the Estimated Financial Information referred to in paragraph 1.1(b) those parts of paragraph 1.1(d) that relate to Estimated Financial Information must: comply with the ASRE 2405 Review of Historical Financial Information Other than a Financial Report; and the Review Report must include a conclusion as to whether or not anything has come to the that causes it to believe that the estimated Auditor’s attention historical Financial Information is not, in all material respects, presented fairly in accordance with the requirements of this Notice and Basis of DNSP’s Preparation.
is appointed for the purposes of expressing an opinion or conclusion on the audit requirements outlined in detail in paragraph 3; has experience in conducting financial, performance, operation or quality assurance audits and conducting data sampling in the electricity industry; possesses relevant knowledge and experience in the electricity industry, engineering, IT systems, asset management or customer service as relevant to the audit or review; understands the procedures and methodologies underlying the data and the AER’s relevant definitions for all information; and if necessary, is available to discuss issues relating to the audits with DNSP and the AER, including where an Audit Report or Review Report is critical of, or highlights deficiencies in, the audited Financial Information and/or Non-financial Information. The review of information referred to in paragraph 1.1(c) and those parts of 1.1(d) that relate to Non-financial Information may be conducted by a person who: does not satisfy all of the requirements in paragraph 2.1(a); is an assurance practitioner as defined in ASAE 3000 Assurance engagements other than audits or reviews of historical financial information; and satisfies the requirements of paragraphs 2.1(b) to (g). AUDIT AND REVIEW REQUIREMENTS Audits and reviews must be conducted in compliance with Australian Auditing and Assurance Standards, as developed by the Auditing and Assurance Standards Board. The audit of Actual Financial Information referred to in paragraph 1.1(a) and those parts of paragraph 1.1(d) that relate to Actual Financial Information must: comply with the Auditing Standard ASA 805 Special Considerations — Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and the Audit Report must include an opinion as to whether or not the Financial Information provided is presented fairly in accordance with the requirements of this Notice and DNSP’s Basis of Preparation. The review of the Estimated Financial Information referred to in paragraph 1.1(b) those parts of paragraph 1.1(d) that relate to Estimated Financial Information must: comply with the ASRE 2405 Review of Historical Financial Information Other than a Financial Report; and the Review Report must include a conclusion as to whether or not anything has come to the Auditor’s attention that causes it to believe that the estimated historical Financial Information is not, in all material respects, presented fairly in accordance with the requirements of this Notice and DNSP’s Basis of Preparation.
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