25 Jun. 2014
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
13 Jun. 2014
Highlights of AUASB Meeting 10 June 2014
The AUASB has released the Highlights from its 10 June 2014 meeting.
1 May. 2014
The AUASB invites comments on the re-exposed IAASB Exposure Draft – The Auditor’s Responsibilities Relating to Other Information. The proposed standard clarifies and strengthens the auditor’s scope and focus of auditor efforts on information included in entities’ annual reports. The AUASB requests all comments by 1 July 2014... Read more
16 Apr. 2014
AUASB office closure for Public Holidays
The Office of the AUASB will be closed during the following forthcoming public holidays:
Good Friday Friday 18 April
Easter Monday Monday 21 April
Anzac Day Friday 25 April
Please note also due to testing of the IT System by service providers, access to email will be unavailable during the period 22-24 April.
11 Apr. 2014
Highlights of AUASB Meeting 7 April 2014
The AUASB has released the Highlights from its 7 April 2014 meeting.
31 Mar. 2014
The March 2014 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
26 Mar. 2014
The Financial Reporting Council (FRC) Chairman, Lynn Wood, made speeches relevant to the AUASB's work on auditing and assurance at the ASIC Forum and the CFO Summit in March. Both speeches are available on the FRC website.... Read more
26 Feb. 2014
Highlights of AUASB Meeting 24 February 2014
The AUASB has released the Highlights from its 24 February 2014 meeting.
30 Jan. 2014
The AUASB has released a revised and expanded Guidance Statement GS 002 Audit Implications of Prudential Reporting Requirements for Registered Superannuation Entities, which provides guidance regarding the matters assurance practitioners conducting engagements under the new APRA Prudential Standard SPS 310 Audit and Related Matters (issued by APRA July 2013), need to consider in order to meet APRA audit reporting requirements.... Read more
20 Dec. 2013
The December 2013 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
17 Dec. 2013
Lynn Wood, Chairman of the Financial Reporting Council, has announced the appointment of two new members to join the Auditing and Assurance Standards Board (AUASB).... Read more
11 Dec. 2013
The AUASB has issued three Exposure Drafts for comment by 3 February 2014.
They are ED 05/13 Proposed Standard on Assurance Engagements ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information, ED 06/13 Proposed Framework for Assurance Engagements and ED 07/13 Proposed Conforming Amendments to ASAE 3402, ASAE 3410 and ASAE 3420 as a Result of Proposed Re-issuance of ASAE 3000.... Read more
9 Dec. 2013
Highlights of AUASB Meeting 2 December 2013
The AUASB has released the Highlights from its 2 December 2013 meeting.
29 Nov. 2013
The AUASB has issued thirteen (13) Compiled Auditing Standards incorporating the changes made in Amending Standard ASA 2013-2 Amendments to Australian Auditing Standards, which was issued by the AUASB on 11 November 2013.... Read more
11 Nov. 2013
The AUASB has issued ASA 610 Using the Work of Internal Auditors, which is a substantial revision of the existing standard ASA 610 issued in October 2009; and ASA 2013-2 Amendments to Australian Auditing Standards which makes consequential amendments to Australian Auditing Standards arising from the revision of ASA 610 and a decision taken by the AUASB to incorporate related services engagements into the scope and application of Auditing Standard ASQC 1. The standards are operative for financial reporting periods commencing on or after 1 January 2014.... Read more
31 Oct. 2013
Highlights from the 28 October 2013 Meeting
The AUASB has released the Highlights from its 28 October 2013 meeting.
4 Oct. 2013
The October 2013 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
20 Sep. 2013
AUASB Issues ED 04/13 ASA 2013-4 Amendments to Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information and Other Assurance Engagements. ... Read more
12 Sep. 2013
Highlights from the 10 September 2013 Meeting
The AUASB has released the Highlights from its 10 September 2013 meeting.
30 Aug. 2013
The Financial Reporting Council is seeking applications from interested persons for appointment as a member of the AUASB. Applications are sought by 27 September 2013.... Read more
15 Aug. 2013
August 2013 Edition
The August 2013 edition of the AUASB International Update has been released. The Update provides a summary of the auditing and assurance activities of a number of International standard-setting and professional bodies. To subscribe for International Audit and Assurance Update use the Subscribe for Alerts tab on the AUASB home page and include AUASB newsletters and website update alerts in your list of subscriptions.
2 Aug. 2013
The AUASB has issued two exposures drafts for comment: ED 02/13 ASA 610 (Revised) Using the Work of Internal Auditors, and ED 03/13 ASA 2013-2 Amendments to Australian Auditing Standards.... Read more
26 Jul. 2013
The AUASB invites comments on the IAASB Exposure Draft – Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing. The Exposure Draft proposes significant changes to the Auditor’s Report which focus on communicative value to users. The AUASB requests all comments by 22 October 2013... Read more
24 Jun. 2013
The June 2013 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
28 May. 2013
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
17 May. 2013
The AUASB has issued revised Guidance Statement GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers and Insurance Groups.... Read more
28 Mar. 2013
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
22 Mar. 2013
The March 2013 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
27 Feb. 2013
The AUASB has released the Highlights from its 25 February 2013 meeting.... Read more