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Australian Auditing Standards

Australian Auditing Standards establish requirements and provide application and other explanatory material on:

  • the responsibilities of an auditor when engaged to undertake an audit of a financial report, or complete set of financial statements, or other historical financial information; and
  • the form and content of the auditor’s report

Previous versions of Australian Auditing Standards can be found in the Archive section of this website.

Click on the “Extra” links to access:

  • Explanatory Guides

Auditing Standards Made Under Section 336 of the Corporations Act 2001

No.                 Title Notes Approval
Date
Operative
Date
ASQC 1 Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements (Compiled)   11 Nov
2013
1 Jan
2010*
ASA 100 Preamble to AUASB Standards   28 Apr 
2006
1 Jul 
2006
ASA 101  Preamble to Australian Auditing Standards (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (Compiled)   1 Jul 
2013
1 Jan
2010 
ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   1 Dec
2015
15 Dec
2016
ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   11 Nov
2013
1 Jan
2010
ASA 210
Agreeing the Terms of Audit Engagements (Compiled)   1 Dec
2015
15 Dec
2016
ASA 210  Agreeing the Terms of Audit Engagements (Compiled)
27 Jun
2011
1 Jan 2010   
ASA 220
Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Compiled)   1 Dec
2015
15 Dec
2016
ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Compiled)   11 Nov
2013
1 Jan
2010
ASA 230
Audit Documentation (Compiled)   1 Dec
2015
15 Dec
2016
ASA 230 Audit Documentation (Compiled)   11 Nov
2013
1 Jan
2010
ASA 240
The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)   1 Dec
2015
15 Dec
2016
ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)   11 Nov 2013 1 Jan
2010
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 260 Communication With Those Charged With Governance Extra 1 Dec
2015 
15 Dec
2016 
ASA 260 Communication with Those Charged with Governance (Compiled)   11 Nov 2013 1 Jan
2010
ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (Compiled)   11 Nov 2013 1 Jan
2010
ASA 300 Planning an Audit of a Financial Report (Compiled)   1 Dec
2015
15 Dec
2016
ASA 300 Planning an Audit of a Financial Report (Compiled)   11 Nov 2013 1 Jan
2010
ASA 315
Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment (Compiled)   1 Dec
2015
15 Dec
2016
ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment (Compiled)   11 Nov 2013 1 Jan
2010
ASA 320
Materiality in Planning and Performing an Audit (Compiled)   1 Dec
2015
15 Dec
2016
ASA 320 Materiality in Planning and Performing an Audit (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 330
The Auditor's Responses to Assessed Risks (Compiled)    1 Dec
2015
15 Dec
2016
ASA 330 The Auditor's Responses to Assessed Risks   27 Oct 2009   1 Jan 2010   
ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (Compiled)   11 Nov 2013 1 Jan
2010
ASA 450
Evaluation of Misstatements Identified during the Audit (Compiled)   1 Dec
2015
15 Dec
2016
ASA 450 Evaluation of Misstatements Identified during the Audit    27 Oct 2009   1 Jan 2010   
ASA 500
Audit Evidence (Compiled)   1 Dec
2015
15 Dec
2016
ASA 500 Audit Evidence (Compiled)   11 Nov 2013

1 Jan
2010

ASA 501  Audit Evidence—Specific Considerations for Inventory and Segment Information (Compiled)
27 Jun
2011
1 Jan 2010   
ASA 502 Audit Evidence—Specific Considerations for Litigation and Claims (Compiled)   1 Jul 
2013
1 Jan
2010 
ASA 505  External Confirmations   27 Oct 2009   1 Jan 2010   
ASA 510
Initial Audit Engagements—Opening Balances (Compiled)   1 Dec
2015
15 Dec
2016
ASA 510  Initial Audit Engagements—Opening Balances  Extra  27 Oct 2009   1 Jan 2010   
ASA 520  Analytical Procedures    27 Oct 2009   1 Jan 2010   
ASA 530  Audit Sampling    27 Oct 2009   1 Jan 2010   
ASA 540
Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures (Compiled)   1 Dec
2015
15 Dec
2016
ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 550 Related Parties (Compiled)   11 Nov 2013 1 Jan
2010
ASA 560
Subsequent Events (Compiled)   1 Dec
2015
15 Dec
2016
ASA 560 Subsequent Events (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 570 Going Concern Extra 1 Dec
2015 
15 Dec
2016 
ASA 570 Going Concern (Compiled)   1 Jul 
2013
1 Jan
2010 
ASA 580
Written Representations (Compiled)   1 Dec
2015
15 Dec
2016
ASA 580 Written Representations (Compiled)   1 Jul 
2013
1 Jan
2010 
ASA 600
Special Considerations-Audits of a Group Financial Report (Compiled)   1 Dec
2015
15 Dec
2016
ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors)   11 Nov 2013 1 Jan
2010
ASA 610    Using the Work of Internal Auditors    11 Nov 2013 
1 Jan
2014  
ASA 620  Using the Work of an Auditor's Expert    27 Oct 2009   1 Jan 2010   
ASA 700 Forming an Opinion and Reporting on a Financial Report Extra 1 Dec
2015
15 Dec
2016
ASA 700 Forming an Opinion and Reporting on a Financial Report (Compiled)   1 Jul 
2013
1 Jan
2010 
ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report Extra 1 Dec
2015
15 Dec
2016
ASA 705 Modifications to the Opinion in the Independent Auditor's Report Extra 1 Dec
2015
15 Dec
2016
ASA 705  Modifications to the Opinion in the Independent Auditor's Report (Compiled) Extra  27 Jun
2011
1 Jan 2010   
ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report Extra 1 Dec
2015
15 Dec
2016
ASA 706  Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report (Compiled) Extra  27 Jun
2011
1 Jan 2010   
ASA 710
Comparative Information-Corresponding Figures and Comparative Financial Reports (Compiled)    1 Dec
2015
15 Dec
2016
ASA 710  Comparative Information—Corresponding Figures and Comparative Financial Reports (Compiled)   27 Jun
2011
1 Jan 2010   
ASA 720 The Auditor's Responsibilities Relating to Other Information Extra 1 Dec
2015
15 Dec
2016
ASA 720    The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report    27 Oct 2009   1 Jan 2010   
ASA 800
Special Considerations-Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Compiled)   1 Dec
2015
15 Dec
2016
ASA 800 Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Compiled)   1 Jul 
2013
1 Jan
2010 
ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (Compiled)
  1 Jul 
2013
1 Jan
2010 
ASRE 2415 Review of a Financial Report: Company Limited by Guarantee or an Entity Reporting under the ACNC Act or Other Applicable Legislation or Regulation (Compiled)   1 Jul 
2013
1 Jul 
2013

 

Auditing Standards Not Made Under the Corporations Act 2001

No.                 Title Notes Approval
Date
Operative
Date
ASA 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 1 Dec
2015
15 Dec
2016
ASA 805  Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement  Extra 27 Oct 2009   1 Jan 2010   
ASA 810 Engagements to Report on Summary Financial Statements 1 Dec
2015
15 Dec
2016
ASA 810  Engagements to Report on Summary Financial Statements  Extra 27 Oct 2009   1 Jan 2010   

 

Amending Standards

No.                   Title Notes Issue Date Operative Date
ASA 2013-1 Amending Standard to ASRE 2415 Review of a Financial Report – Company Limited by Guarantee 28 Mar 2013 1 Jul 2013
ASA 2013-2 Amendments to Australian Auditing Standards 11 Nov 2013 1 Jan 2014
ASA 2013-3 Amendments to Australian Auditing Standards 1 Jul 2013 1 Jul 2013
ASA 2015-1 Amendments to Australian Auditing Standards Extra 1 Dec 2015 15 Dec 2016

 

Explanatory Guides

* Under ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports, Other Financial Information, and Other Assurance Engagements, systems of quality control in compliance with this Auditing Standard are required to be established by 1 January 2010.