3 Sep. 2010
The AUASB invites comments on the IAASB exposure draft on proposed ISAE 3420 Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus, to assist it in preparing a submission to the IAASB. Comments may be provided to the AUASB until 15 September 2010.... Read more
16 Jul. 2010
The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the reappointment of Ms Merran Kelsall as the Chairman of the Auditing and Assurance Standards Board (AUASB) for a further three-year term.... Read more
30 Jun. 2010
The AUASB has issued a Bulletin, Standard Business Reporting and XBRL: Information for Audit and Assurance Practitioners to provide information about how the introduction of Standard Business Reporting in Australia, from 1 July 2010, may impact audit and assurance practitioners.... Read more
29 Jun. 2010
The AUASB has issued Standard on Assurance Engagements ASAE 3402 Assurance Reports on Controls at a Service Organisation. ASAE 3402 complements Auditing Standard ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation, issued in October 2009 in Clarity format. ASAE 3402 provides the requirements of service auditors reports on controls, which may be used as audit evidence by user auditors under ASA 402.... Read more
24 Jun. 2010
The AUASB has issued Guidance Statement GS 017 Prudential Reporting Requirements for Auditors of a Life Company effective from 1 July 2010 and which replaces AGS 1024 Life Insurance Act 1995-Audit Obligations.... Read more
24 Jun. 2010
The AUASB has issued guidance on the procedures for obtaining audit evidence regarding an entity’s bank accounts and transactions, as well as updated bank confirmation request forms.
Guidance Statement GS 016 Bank Confirmation Requests, developed with the Australian Bankers Association and member banks, will be effective for audits of entities with reporting periods ending on or after 30 September 2010, thereby allowing lead time for auditors and banks to adjust processes and systems for the new guidance.... Read more
23 Jun. 2010
The AUASB has issued an overview of the revised and redrafted Australian Auditing Standards as supplementary material for the information sessions held in December 2009 and the first half of 2010, on the Clarity versions of the Australian Auditing Standards.... Read more
28 May. 2010
The AUASB has issued exposure draft 02/10 Proposed Auditing Standard on Review Engagements ASRE 2415 Review of a Financial Report – Company Limited by Guarantee for comment by 24 June 2010.... Read more
22 Apr. 2010
The Powerpoint presentation slides from the March 2010 Clarity information sessions are now available to download.... Read more
21 Apr. 2010
The AUASB has released exposure draft ED 01/10 Proposed Standard on Assurance Engagements ASAE 3402 Assurance Reports on Controls at a Service Organisation for comment by 21 May 2010.... Read more
17 Mar. 2010
The Auditing and Assurance Standards Board (AUASB) has released three Guidance Statements that are applicable for financial reporting periods commencing on or after 1 January 2010.... Read more
9 Feb. 2010
The AUASB has updated and re-issued its Explanatory Guide on the reporting standards within the new Clarity suite of standards.... Read more
21 Jan. 2010
The AUASB, in conjunction with the three professional accounting bodies (the Institute, CPA Australia and the National Institute of Accountants), will be hosting information sessions across the country in March regarding the revised and redrafted Australian Auditing Standards (ASAs) in Clarity format.... Read more
15 Dec. 2009
The AUASB has released the Highlights from its 7 December 2009 meeting.... Read more
9 Dec. 2009
The Powerpoint presentation from the annual AUASB consultative meeting, held 8 December 2009, is now available.... Read more
24 Nov. 2009
The AUASB has issued GS 015 Audit Implications of Accounting for Investments in Associates... Read more
12 Nov. 2009
The AUASB invites comments on a International Auditing and Assurance Standards Board (IAASB) Consultation Paper; Assurance on a Greenhouse Gas Statement... Read more
30 Oct. 2009
The AUASB has issued the suite of Standards revised and redrafted in Clarity format.... Read more
30 Oct. 2009
The AUASB has released the Highlights from the 26-27 October 2009 meeting.... Read more
6 Oct. 2009
Responses to ED 21/09 Proposed Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements are due by 7 October 2009.... Read more
1 Oct. 2009
AUASB urges auditors to prepare for revised and redrafted auditing standards
Information sessions, hosted jointly by the Auditing and Assurance Standards Board (AUASB) and the three professional accounting bodies, will be held to help auditors gain awareness of the changes to the suite of revised and redrafted Australian Auditing Standards in Clarity format.... Read more
8 Sep. 2009
The AUASB has released ED 21/09 Proposed Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements for comment by 7 October 2009.... Read more
The AUASB issued GS 013 Special Considerations in the Audit of Compliance Plans of Managed Investment Schemes and GS 014 Auditing Mortgage Schemes.... Read more
26 Jun. 2009
The Auditing and Assurance Standards Board (AUASB) has completely revised and reissued its guidance for auditors of Authorised Deposit-taking Institutions (ADIs) with the release of a new Guidance Statement, GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions.... Read more
24 Jun. 2009
Exposure Draft 20/09: Proposed Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity, contained a number of inadvertent errors. The correct version is now available. ... Read more
19 Jun. 2009
The Auditing and Assurance Standards Board (AUASB) has released three exposure drafts of Australian Auditing Standards in “Clarity” format. This is the final group in the redrafting project. Comments are requested by 20 July 2009.... Read more
5 Jun. 2009
The Australian Institute of Company Directors (AICD) and the Auditing and Assurance Standards Board (AUASB) have issued a publication, Going Concern issues in financial reporting: a guide for companies and directors, which explains the concept of going concern and assists company directors in performing and reporting on their going concern assessment.... Read more
30 Apr. 2009
To assist auditors conducting audits of financial reports in times of economic uncertainty, the Auditing and Assurance Standards Board (AUASB) today released a Bulletin, which provides an overview of the significant issues and areas auditors should consider when undertaking their work.... Read more
30 Apr. 2009
The AUASB has released Guidance Statement GS 011 Third Party Access to Audit Working Papers... Read more
23 Apr. 2009
The AUASB has updated the draft working document of proposed Preamble to the revised and redrafted Australian Auditing Standards.... Read more
17 Apr. 2009
The AUASB has released seven exposure drafts for comment by 18 May 2009.... Read more
14 Apr. 2009
The Auditing and Assurance Standards Board (AUASB) today released exposure drafts of proposed standards ASQC 1 Quality Control for Firms that Perform Audits and Review of Financial Reports, Other Financial Information and Other Assurance Engagements and
ASA 220 Quality Control for Audits of a Financial Report and Other Historical Financial Information for comment, as part of its project to revise and redraft the Australian Auditing Standards in Clarity format.... Read more
9 Apr. 2009
Highlights from the April AUASB meeting
The AUASB has released the Highlights from the 6-7 April 2009 meeting.
19 Mar. 2009
The AUASB has released Guidance Statement GS 010 Responding to Questions at an Annual General Meeting.... Read more
18 Mar. 2009
The AUASB has decided to distribute an International Update to help you stay abreast of the major activities of the IAASB and other foreign standard setters.... Read more
16 Mar. 2009
GS 009 Auditing Self Managed Superannuation Funds booklet is now available to purchase from the AUASB.... Read more
6 Mar. 2009
The Auditing and Assurance Standards Board (AUASB) has released eight exposure drafts of Australian Auditing Standards (ASAs) in Clarity format for comment by 6 April 2009.... Read more