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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.

AUASB Guidance Statements that have been superseded are listed in the Archive section of this website.

No.             Title Notes       Issue Date Operative Date
GS 001 Concise Financial Reports
Under the Corporations Act 2001 
May 2017
GS 002 Audit Implications of Prudential Reporting Requirements for Registered Superannuation Entities Jan 2014 Jan 2014
GS 003 Assurance Relating to Australian Financial Services Licences issued under the Corporations Act 2001 Sep 2015 Sep 2015
GS 004 Audit Implications of Prudential Reporting Requirements for General Insurers and Insurance Groups Extra May 2013 May 2013 
GS 005 Evaluating the Appropriateness of a Managements's Expert's Work Mar 2020 3 Mar 2020
GS 006 Electronic Publication of the Auditor's Report  Mar 2010 Jan 2010  
GS 007 Audit Implications of the Use of Service Organisations for Investment Management Services Extra Oct 2011 Jan 2012
GS 008 The Auditor's Report on a Remuneration Report Under Section 300A of the Corporations Act 2001  Mar 2010 Jan 2010  
GS 009 Auditing Self-Managed Superannuation Funds Jun 2020
Jun 2020
GS 010

Responding to Questions at an Annual General Meeting
* refer to AUASB Bulletin

Mar 2009 Mar 2009 
GS 011 Third Party Access to Audit Working Papers Apr 2009 Apr 2009 
GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups. Sep 2020 Sep 2020
GS 013 Special Considerations in the Audit of Compliance Plans of Managed Investment Schemes  Aug 2009  Aug 2009  
GS 014 Auditing Mortgage Schemes  Aug 2009   Aug 2009   
GS 015 Audit Implications of Accounting for Investments in Associates Nov 2009  Nov 2009  
GS 016*

Bank Confirmation Requests

Jun 2010 Sep 2010
Bank Confirmation Audit Request Forms
Treasury and Other Operations
GS 017 Audit Implications for Prudential Reporting Requirements of a Life Company Dec 2014 Dec 2014
GS 018 Franchising Code of Conduct – Auditor's Reports  Jun 2015
Jun 2015
GS 019 Auditing Fundraising Revenue of Not-for-Profit Entities  Apr 2011   Apr 2011   
GS 020 Special Considerations in Auditing Financial Instruments Mar 2012 Mar 2012
GS 021 Engagements under the National Greenhouse and Energy Reporting Scheme, Carbon Pricing Mechanism and Related Schemes Nov 2012 Nov 2012
GS 022 Grant Acquittals and Multi-Scope Engagements Jun 2015 Jun 2015

*Operative for audit engagements with financial reporting periods ending on or after 30 September 2010.