Guidance Statements provide guidance to assist the auditor to fulfil the objectives of an audit or assurance engagement.  They include explanatory details and suggested procedures on specific matters for the purposes of understanding and complying with AUASB standards.  They include:

• AUASB Guidance Statements 
  AUASB Guidance Statements provide guidance to assist the auditor to fulfil the objectives of an audit or assurance engagement.  They include explanatory details and suggested procedures on specific matters for the purposes of understanding and complying with AUASB standards.
  
  AUASB Guidance Statements do not prescribe or create requirements, establish new principles or amend existing AUASB standards.
  
  
• Auditing and Assurance Guidance Statements (issued prior to 1 July 2004)
  Auditing and Assurance Guidance Statements (AGS) were issued prior to 1 July 2004 by the former Auditing and Assurance Standards Board (AuASB) of the Australian Accounting Research Foundation.  They include explanatory details and suggested procedures on specific matters for the purposes of understanding and complying with AUASB standards.
  
  AGSs do not prescribe or create requirements, establish new principles or amend existing AUASB standards. 
  
  The AGSs are being reviewed progressively, and either re-issued or withdrawn.