Coming Soon: New AUASB website
AUASB introduces
an assurance standard ASAE 3100
Compliance Engagements [2 July 2008]
AUASB releases
guidance statement GS 008 The
Auditor's Report on a Remuneration Report Pursuant to Section 300A
of the Corporations Act 2001 [2 July 2008]
AUASB issues guidance for reporting
on investment management services [12 March 2008]
AUASB withdraws superseded pronouncements on Service Organisations
AUASB issues explanatory guide to review engagements
AUASB invites comments on the proposed
standards on review engagements (ASRE 2400 & ASRE 2405) and proposed
amendments to ASRE 2410
(Comments close 30 May 2008)
About the Auditing and Assurance
Standards Board
The Organisation
The Corporate Law Economic Reform Program (Audit Reform
& Corporate Disclosure) Act 2004 provides for the establishment
of a reconstituted Auditing and Assurance Standards Board ("AUASB")
as an independent statutory body. As the national auditing and assurance
standards setter, the AUASB has an important role in developing high
quality standards and related guidance for auditors and providers
of other assurance services.
At its meeting on 4 April 2005, the Financial Reporting
Council (FRC) considered in detail an appropriate Strategic Direction
for the AUASB in relation to its work programme and in particular,
its approach to the setting of auditing standards going forward. See
the following for a copy of the Strategic Direction to be implemented
by the AUASB, which was agreed by the FRC → AUASB
Strategic Direction.