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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.

27 Nov. 2014

Highlights of AUASB Meeting 25 November 2014

The AUASB has released the Highlights from its 25 November 2014 meeting.

24 Oct. 2014

Highlights of AUASB Meeting 21 October 2014

The AUASB has released the Highlights from its 21 October 2014 meeting.

21 Oct. 2014

GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers and Insurance Groups - APRA Example Audit and Review Report

On 15 July 2014, APRA issued by email from the Head of Accounting Services to all Appointed Auditors of General Insurers, an updated example Audit and Review Report on the Yearly Statutory Accounts of a General Insurer and Other Matters.... Read more

20 Oct. 2014

October 2014 Edition

The October 2014 edition of AUASB International Update has been published.... Read more

16 Sep. 2014

Independence e-Newsletter issued for September 2014

The September 2014 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more

12 Sep. 2014

Highlights of AUASB Meeting 9 September 2014

The AUASB has released the Highlights from its 9 September 2014 meeting.

1 Aug. 2014

July 2014 Edition

The July 2014 edition of AUASB International Update has been published.... Read more

25 Jun. 2014

AUASB issues an Exposure Draft on Controls Assurance

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

24 Jun. 2014

The AUASB has issued the final revised ASAE 3000, Framework and Conforming Amendments

The AUASB has issued the final revised Framework for Assurance Engagements, ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information and the Conforming Amendments to ASAE 3402, ASAE 3410 and ASAE 3420 as a result of revisions to ASAE 3000.  These pronouncements will be operative from 1 January 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.

12 Jun. 2014

June 2014 Edition

The June 2014 edition of AUASB International Update has been published.... Read more

1 May. 2014

AUASB invites comments on IAASB Exposure Draft Addressing Information in Annual Reports

The AUASB invites comments on the re-exposed IAASB Exposure DraftThe 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

29 Apr. 2014

April 2014 Edition

The April 2014 edition of AUASB International Update has been published.... 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.

10 Apr. 2014

Materiality and Disclosures

The AUASB would like to alert auditors to a staff paper published by the Australian Accounting Standards Board (AASB), titled “To Disclose or Not to Disclose: Materiality is the Question”.   Auditors may find the paper of interest and useful when conducting audits of financial reports:

http://www.aasb.gov.au/News/The-AASB-has-published-a-staff-paper-on-disclosures-and-materiality

31 Mar. 2014

Independence e-Newsletter issued for March 2014

The March 2014 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more

28 Mar. 2014

March 2014 Edition

The March 2014 edition of AUASB International Update has been published.... Read more

26 Mar. 2014

FRC Chairman gives speeches relevant to auditing and assurance

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

27 Feb. 2014

February 2014 Edition

The February 2014 edition of AUASB International Update has been published.... Read more

26 Feb. 2014

AUASB and the Bureau of Meteorology jointly issue a new water Assurance Standard

The AUASB and the Bureau of Meteorology have jointly issued Standard for Assurance Engagements ASAE 3610/Australian Water Accounting Standard AWAS 2 Assurance Engagements on General Purpose Water Accounting Reports.... 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

AUASB issues revised and expanded Guidance Statement GS 002 Audit Implications of Prudential Reporting Requirements for Registered Superannuation Entities

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