On behalf of the Auditing and Assurance Standards Board (AUASB) we extend our congratulations to former AUASB Chair Merran Kelsall AO on her appointment as an Officer of the Order of Australia in the recent 2023 Australia Day Honours List.More
These sessions will continue to run in person in Melbourne on 13th February and virtually on Monday 20th February 2023. The Sydney in person session has been cancelled. We strongly encourage you to attend one of these two sessions.
Please Register here by Thursday 9th February 2023 to attend one of these important roundtables.
The AUASB has revised a series of standards as a result of amendments arising from the new and revised Quality Management Standards, ASA 315 Identifying and Assessing the Risks of Material Misstatement and APES 110 Code of Ethics for Professional Accountants (including Independence Standards).More
Audit Committee Chairs play an important role in the quality of financial reporting and audit quality. The FRC and AUASB commissioned independent research to gather perspectives on audit quality from a sample of ACCs. This builds on previously conducted surveys of ACCs (one in 2018 and another in 2020). This report has been authored by the independent researchers and details the feedback they received.
Pleasingly and importantly ACCs remain very satisfied with the quality of their external auditor. The results are consistent with previous surveys.More
The AUASB provides an update on our previously issued Supporting Auditors in Enhancing Audit Quality December 2021, in response to the recently issued Audit Inspection Report 30 June 2022 and ASIC’s Focus Areas for 31 December 2022.
This refers to previously issued standards and guidance which are still relevant, as well as revised standards which become effective for the December 2022 reporting period and recently issued guidance.More
The AASB-AUASB published a joint research report (authored by Jean You and Professor Roger Simnett) that identifies climate-related disclosures and associated assurance practices in Annual Reports of ASX-listed entities.More
Access support materials pertaining to technology here.View more
Access support materials pertaining to sustainability & other extended external reporting (EER) assurance here.Access Now
Access support materials pertaining to audit quality here.View here