AUASB Standards and Pronouncements

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Mapping of AUASB Standards (ASAs) to Auditing Standards (AUSs) issued by the former AuASB

Foreword to AUASB Pronouncements (28 Apr 2006)

AUASB Glossary (28 Apr 2006)

Framework for Assurance Engagements (27 Jun 2007)

Australian Auditing Standards (28 Apr 2006)

(Applicable to financial reporting periods commencing on or after 1 Jul 2006)

No. Title
ASA 100 Preamble to AUASB Standards
ASA 200 Objective and General Principles Governing an Audit of a Financial Report
ASA 210 Terms of Audit Engagements
ASA 220 Quality Control for Audits of Historical Financial Information
ASA 230 Audit Documentation
ASA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of a Financial Report
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report
ASA 260 Communication of Audit Matters with Those Charged with Governance
ASA 300 Planning an Audit of a Financial Report
ASA 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
ASA 320 Materiality and Audit Adjustments
ASA 330 The Auditor’s Procedures in Response to Assessed Risks
ASA 402 Audit Considerations Relating to Entities Using Service Organisations
ASA 500 Audit Evidence
ASA 501 Existence and Valuation of Inventory
ASA 505 External Confirmations
ASA 508 Enquiry Regarding Litigation and Claims
ASA 510 Initial Engagements – Opening Balances
ASA 520 Analytical Procedures
ASA 530 Audit Sampling and Other Means of Testing
ASA 540 Audit of Accounting Estimates
ASA 545 Auditing Fair Value Measurements and Disclosures
ASA 550 Related Parties
ASA 560 Subsequent Events
ASA 570 Going Concern
ASA 580 Management Representations
ASA 600 Using the Work of Another Auditor
ASA 610 Considering the Work of Internal Audit
ASA 620 Using the Work of an Expert
ASA 700 The Auditor’s Report on a General Purpose Financial Report
ASA 701 Modifications to the Auditor’s Report
ASA 710 Comparatives
ASA 720 Other Information in Documents Containing Audited Financial Reports
ASA 800 The Auditor’s Report on Special Purpose Audit Engagements
ASRE 2410 Review of an Interim Financial Report Performed by the Independent Auditor of the Entity

Amendments to Australian Auditing Standards

No. Title
ASA 2007-1 Amendments to Australian Auditing Standards
ASA 2008-1 Amendments to Australian Auditing Standards

Compiled Auditing Standards (27 Jun 2007)

(The following compiled auditing standards include amendments made under ASA 2007-1 above.)

No. Title
ASA 200 Objective and General Principles Governing an Audit of a Financial Report
ASA 210 Terms of Audit Engagements
ASA 510 Initial Engagements – Opening Balances
ASA 570 Going Concern
ASA 700 The Auditor’s Report on a General Purpose Financial Report
ASA 701 Modifications to the Auditor’s Report
ASA 710 Comparatives
ASA 800 The Auditor’s Report on Special Purpose Audit Engagements
ASRE 2410 Review of an Interim Financial Report Performed by the Independent Auditor of the Entity

Compiled Auditing Standards (21 Aug 2008)

(The following compiled auditing standards include amendments made under ASA 2008-1 above.)

No. Title
ASRE 2410 Review of Interim and Other Financial Reports Performed by the Independent Auditor of the Entity

Standards on Assurance Engagements (1 Jul 2007)

No. Title
ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information
ASAE 3100 Compliance Engagements
ASAE 3500 Performance Engagements

Standards on Review Engagements

No. Title
ASRE 2400 Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity
ASRE 2405 Review of Historical Financial Information Other than a Financial Report
  Explanatory Guide to AUASB Standards Applicable to Review Engagements

Explanatory Statements

Regulation Impact Statements

Guidance Statements

No. Title

Issue date

AGS 1064 Addendum to Audit Implications of Prudential Reporting Requirements for General Insurers Oct 2006
AGS 1038 Access to Audit Working Papers Feb 2006
AGS 1046 Responding to Questions at an Annual General Meeting Oct 2005
AGS 1068 Audit Requirements for Australian Financial Services Licensees under the Corporations Act 2001

Oct 2004*

AGS 1070 Special Considerations in the Audit of Risk Management Requirements for Registrable Superannuation Entities and Licensees Jul 2006
GS 001 Concise Financial Reports Jul 2007
GS 002 Special Considerations in the Audit of Risk Management Requirements for Registrable Superannuation Entities and Licensees Jul 2007
GS 003 Audit and Review Requirements for Australian Financial Services Licensees under the Corporations Act 2001
Oct 2007
GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers Oct 2007
GS 005 Using the Work of an Actuary Oct 2007
GS 006 Electronic Publication of the Auditor's Report Dec 2007
GS 007 Audit Implications of the Use of Service Organisations for Investment Management Services Mar 2008
GS 008 The Auditor's Report on a Remuneration Report Pursuant to Section 300A of the Corporations Act 2001 Jun 2008

* issued by the reconstituted AUASB

Alerts and Guidance Notes

No. Title

Issue date

AAA 14 The Implications for Auditors on the Transition to Australian equivalents to IFRSs Oct 2004
on AASB 1046 Auditor’s Report on AASB 1046 Remuneration Disclosures contained in the Annual Directors’ Report Aug 2005
on AASB 124 Auditor’s Report on AASB 124 Remuneration Disclosures contained in the Annual Directors’ Report Aug 2006

 

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