Australia’s auditing and assurance standards setter, the Auditing and Assurance Standards Board (AUASB), today questioned whether proposed changes to European audit regulation will achieve their stated objective of improving audit quality. Read More
AUASB Guidance Statement GS 007 Audit Implications of the Use of Service Organisations for Investment Management Services has been revised and reissued to anchor to the current AUASB Standards. The revised GS 007, which is operative for periods commencing 1 January 2012, provides guidance for user auditors and service auditors where investment management services are provided to user entities, including revised minimum control objectives to be addressed in controls reporting Read More
The Auditing and Assurance Standard Board (AUASB) today released exposure drafts of proposed Standards ED 02/11 ASAE 3450 Assurance Engagements involving Corporate Fundraisings and/or Prospective Financial Information and ED 03/11 ASRS 4450 Comfort Letter Engagements, with comments from constituents invited by 15 November 2011. Both proposed Standards are written in “clarity” format in a similar manner to other newer AUASB Standards. Read More
The Financial Reporting Council is seeking applications from interested persons for appointment as a member of the AUASB. Applications are sought by 7 October 2011. Read More
