The AUASB has issued an Exposure Draft ED 01/14 of Proposed Standard on Assurance Engagements ASAE 34XX Assurance Engagements on Controls, with comments invited by 25 August 2014. The proposed standard will replace the existing standard, AUS 810 Special Purpose Reports on the Effectiveness of Control Procedures, issued by the former AuASB, and is proposed to be operative for assurance engagements commencing 1 July 2015, with early adoption permitted. Read More
The AUASB has issued the final revised Framework for Assurance Engagements, ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information and the Conforming Amendments to ASAE 3402, ASAE 3410 and ASAE 3420 as a result of revisions to ASAE 3000. These pronouncements will be operative from 1 January 2015, with early adoption permitted. Read More
The AUASB invites comments on the IAASB Exposure Draft – Addressing Disclosures in the Audit of Financial Statements. Read More
The AUASB has released the Highlights from its 10 June 2014 meeting.