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Principles of convergence

Principles of convergence

The Australian Auditing and Assurance Standards Board (AUASB) and the New Zealand Auditing and Assurance Standards Board (NZAuASB) have agreed on to a common set of principles in relation to the standards that each board issues.  The co-operation is a contribution to the outcome framework for the creation of a Single Economic Market, announced by the Australian and New Zealand Prime Ministers in 2009.