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Way forward for professional scepticism: The global standard-setting boards for auditing, accounting ethics and accounting education have released a new publication, Toward Enhanced Professional Skepticism, on observations and ways to enhance professional scepticism.

The AUASB has today submitted feedback on the IAASB's Proposed International Standard on Auditing ISA 540 (Revised) Auditing Accounting Estimates and Related Disclosures. This follows extensive consultation with constituents at our Melbourne, Sydney and Brisbane roundtables, inviting comments via the website, and with formal discussions undertaken by AUASB members at recent board meetings. Read More

Released today, AUASB Bulletin: Auditor review reports – the impact of the new auditor reporting requirements communicates how the new auditor reporting requirements may impact the format of auditor review reports for engagements conducted in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity.  

Highlights from the July board meeting are now available via this (seven minute) podcast as well as the usual highlights document.

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