Thursday, June 23, 2022
The AUASB has issued for public comment Exposure Draft ED 02/22 Proposed Conforming and Consequential Amendments to the other AUASB Standards to align to the IAASB Other Standards. The closing date for public comment is 22 August 2022.
The AUASB is seeking feedback from stakeholders on proposed conforming and consequential amendments to the other AUASB Standards to align their terminology with that used in the IAASB’s other standards. This will ensure that:
The purpose of making the amendments is solely to align the terminology with IAASB other standards. As such, the proposed amendments have a narrow scope and do not involve re-consideration of the objectives, requirements, and application material of the other AUASB Standards, in their own right.