The AUASB has released Exposure Draft ED 01/13 comprising the following proposals: • Part A – Minor amendments to the Auditing Standards relating to typographical errors and other editorial corrections. • Part B – Amendments to ASRS 4400 to remove the limitations on distribution of a report of factual findings in an agreed-upon procedures engagement, but retention of the restriction of use of that report. Comments on the ED are requested by no later than 26 June 2013. Read More
The AUASB has issued revised Guidance Statement GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers and Insurance Groups. Read More
The AUASB has released the Highlights from its 29 April 2013 meeting. Read More
The AUASB has issued 3 new Pronouncements on review engagements: ASRE 2400 - the Australian equivalent of the IAASB’s revised standard; ASRE 2415 - this compiled standard reflects the consequential changes arising from the new ASRE 2400, and the introduction of the ACNC Act; and ASA 2013-1 the amending standard to ASRE 2415. The new standards apply from 1 July 2013 (with early adoption permitted). Read More
