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Latest news

This section contains the latest news from the AUASB, media releases, media contact details and information about upcoming events. You can also register here to receive free email update alerts from the AUASB.

13 May. 2016

National Director role for both AASB & AUASB

A new role of National Director for the AASB & AUASB has been created. If you are interested in helping the Boards contribute to investor confidence in the Australian market, have strong management, strategic planning and HR skills, and are seeking a genuine leadership opportunity, apply now.

2 May. 2016

New Financial Reporting Council Chair appointed

Congratulations to William (Bill) Edge on his appointment as Financial Reporting Council (FRC) Chair. Merran Kelsall, Chair Auditing and Assurance Standards Board (AUASB), and Kris Peach, Chair Australian Accounting Standards Board (AASB), said “We welcome Bill’s appointment. His skills and experience from public practice and academia will enable the FRC to support the AASB and AUASB in achieving the important objective of maintaining confidence in the Australian economy.  We look forward to working closely with him.”

http://agh.ministers.treasury.gov.au/media-release/005-2016/

21 Apr. 2016

Highlights of AUASB Meeting 18 April 2016

The AUASB has released the Highlights from its 18 April 2016.

20 Apr. 2016

July AUASB Meeting to be held in Sydney

Note: the 26 July AUASB Meeting will be held in Sydney at the offices of CA ANZ, 33 Erskine Street (from 10.00 a.m. to 5.00 p.m.).

10 Mar. 2016

Recruitment - Australian Auditing and Assurance Standards Board (AUASB) Chair

Applications are currently being sought for the the position of the Australian Auditing and Assurance Standards Board (AUASB) Chair...Read More

2 Mar. 2016

Highlights of AUASB Meeting 22 February 2016

The AUASB has released the Highlights from its 22 February 2016.

24 Dec. 2015

December 2015 Edition

The December 2015 edition of AUASB International Update has been published.... Read more

18 Dec. 2015

Enhanced Auditor Reporting Requirements announced by AUASB

The Auditing and Assurance Standards Board (AUASB) has issued one new, a number of revised and amended auditing standards that adopt the recent improvements made to the equivalent International Standards on Auditing (ISAs) by the International Auditing and Assurance Standards Board (IAASB).... Read more

17 Dec. 2015

FRC appoints new Board Members to the AUASB

The Financial Reporting Council (FRC) has announced appointments as members of the Auditing and Assurance Standards Board (AUASB).... Read more

23 Oct. 2015

AUASB invites comments on Exposure Draft 03/15 – addressing financial statement disclosures in the audit of financial statements

The Australian Auditing and Assurance Standards Board (AUASB) today issue a proposal to revise existing auditing standards: Australian Auditing Standard ASA 2015-3 Amendments to Australian Auditing Standards. This proposed Amending Standard makes changes to various Auditing Standards aimed at enhancing the auditor’s consideration of disclosures in the audit of the financial statements.... Read more

13 Oct. 2015

Update: GS 009 Auditing Self-Managed Superannuation Funds

Changes to paragraphs 72 and 113 of GS 009 have been made by the AUASB in order to further clarify the guidance in these paragraphs.

6 Oct. 2015

AUASB issues revised Guidance Statement GS 009

The AUASB has released an updated Guidance Statement GS 009 Auditing Self-Managed Superannuation Funds.... Read more

1 Oct. 2015

AUASB issues revised Guidance Statement GS 003

The AUASB has released a revised Guidance Statement GS 003 Assurance Relating to Australian Financial Services Licences issued under the Corporations Act 2001.... Read more

23 Sep. 2015

The External Reporting Board Appoints New Chief Executive

The AUASB congratulates Warren Allen on his appointment as CEO of the External Reporting Board (XRB) New Zealand.

17 Sep. 2015

Auditing and Assurance Standards Board is relocating

The Office of the AUASB is relocating on Monday 21st September 2015.  Our new address is Podium Level, Level 14, 530 Collins Street, Melbourne. Our phone numbers, email and website address will remain the same.

Please note that AUASB staff will not have access to emails and phone from Friday 18th till Sunday 20th September. AUASB website and its content will be available as normal during this time.

17 Sep. 2015

Highlights of AUASB Meeting 15 September 2015

The AUASB has released the Highlights from its 15 September 2015 meeting.

4 Sep. 2015

Auditing and Assurance Standards Board (AUASB) applications for appointment as a member

The Financial Reporting Council (FRC) is seeking applications to fill two vacancies on the AUASB for individuals currently providing audit or assurance services. Expertise in specialist IT audit, use of data analytics, group audit or audits of financial institutions would also be valuable.... Read more

25 Aug. 2015

IAASB issues publication on Exploring Assurance on Integrated Reporting and Other Emerging Developments in External Reporting

The purpose of this publication, prepared by the Integrated Reporting Working Group, is to inform stakeholders about the IAASB’s ongoing work to explore assurance on integrated reporting and other emerging developments in external reporting.... Read more

25 Aug. 2015

August 2015 Edition

The August 2015 edition of AUASB International Update has been published.... Read more

12 Aug. 2015

AUASB invites comments on IAASB Exposure Drafts ISA 250 & ISA 810.

The IAASB has released Exposure Drafts for comment on:

- ISA 810, Reporting on Summary Financial Statements

- ISA 250, Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations... Read more

5 Aug. 2015

Highlights of AUASB Meeting 28 July 2015

The AUASB has released the Highlights from its 28 July 2015 meeting.

10 Jul. 2015

July 2015 Edition

The July 2015 edition of AUASB International Update has been published.... Read more

3 Jul. 2015

Influential Executive role in New Zealand

The External Reporting Board (XRB) of New Zealand is looking for a CEO to help create a world-class standards framework that contributes to New Zealand’s excellent reputation and commercial integrity.

2 Jul. 2015

AUASB issues a new Guidance Statement – GS 022 Grant Acquittals and Multi-Scope Engagements

GS 022 assists auditors in exercising professional judgement in applying the AUASB Standards to a selection of common practical application issues.... Read more

15 Jun. 2015

AUASB issues revised Guidance Statement GS 018 Franchising Code of Conduct – Auditor's Report

The AUASB has issued revised Guidance Statement GS 018 Franchising Code of Conduct – Auditor’s Reports on 15 June 2015 which replaces GS 018 Franchising Code of Conduct – Auditor’s Reports issued in October 2010.... Read more

12 Jun. 2015

AUASB invites comments on Exposure Draft 02/15 – the auditor’s responsibilities relating to other information included in an entity’s annual report

The Australian Auditing and Assurance Standards Board (AUASB) today issue a proposal to revise the existing Australian Auditing Standard ASA 720 The Auditor’s Responsibilities Related to Other Information in Documents Containing an Audited Financial Report. This proposed Standard, which has been re-titled ASA 720 The Auditor’s Responsibilities Related to Other Information, deals with the auditor’s responsibilities relating to other information included in an entity’s annual report and its revision is part of the AUASB’s project on enhanced auditor reporting.... Read more

12 Jun. 2015

Highlights of AUASB Meeting 9 June 2015

The AUASB has released the Highlights from its 9 June 2015 meeting.

27 May. 2015

May 2015 Edition

The May 2015 edition of AUASB International Update has been published.... Read more

12 May. 2015

AUASB Special Meeting 19 May 2015

The next special meeting of the AUASB will be held on Tuesday, 19 May 2015 commencing at 10.00 a.m.  This meeting will be held via teleconference to consider and approve a proposed exposure draft for ISA/ASA 720 The Auditor’s Responsibilities Relating to Other Information.

Interested stakeholders are welcome to come to the AUASB Board room to listen to the discussion.

30 Apr. 2015

AUASB invites comments on Exposure Draft 01/15 – enhancements to auditor reporting

The first tranche of exposure drafts addressing the enhancements to auditor reporting have been published today by the AUASB.... Read more

24 Apr. 2015

Highlights of AUASB Meeting 20 April 2015

The AUASB has released the Highlights from its 20 April 2015 meeting.

9 Apr. 2015

IAASB issues new standard on the auditor’s responsibilities for other information included in an annual report

The revised standard, ISA 720 The Auditor’s Responsibilities Relating to Other Information was released today by the International Auditing and Assurance Standards Board (IAASB). ... Read more

27 Mar. 2015

Independence e-Newsletter issued for March 2015

The March 2015 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more

23 Mar. 2015

Ms Robin Low appointed Deputy Chairman AUASB

I am pleased to announce that AUASB Member, Ms Robin Low, has been appointed Deputy Chairman of the AUASB.... Read more

16 Mar. 2015

AUASB issues revised Guidance Statement GS 005

The AUASB has released an updated Guidance Statement GS 005 Using the Work of a Management’s Expert.... Read more

4 Mar. 2015

Now is the Time to be Heard: Survey on Quality Control - Small and Medium Sized Practices

The International Auditing and Assurance Standards Board (IAASB) has issued a survey in connection with its new Quality Control Initiative.... Read more

26 Feb. 2015

Highlights of AUASB Meeting 24 February 2015

The AUASB has released the Highlights from its 24 February 2015 meeting.

6 Feb. 2015

February 2015 Edition

The February 2015 edition of AUASB International Update has been published.... Read more

16 Jan. 2015

IAASB Issues New and Revised Auditor Reporting Standards and Related Conforming Amendments

The first group of key changes to auditor reporting standards was released today by the International Auditing and Assurance Standards Board (IAASB). ... Read more

9 Jan. 2015

AUASB Issues Standard on Controls Assurance

A new key standard on controls assurance has been issued by the AUASB, following approval in late December 2014.  The new Standard on Assurance Engagements ASAE 3150 Assurance Engagements on Controls is operative for assurance engagements commencing on or after 1 January 2016, with early adoption permitted*.   The proposed standard replaces the existing standard, AUS 810 Special Purpose Reports on the Effectiveness of Control Procedures, last revised by the former AuASB in 2002.... Read more