Revised GS 002 Audit Implications of Prudential Reporting Requirements for Registrable Superannuation Entities

Friday, May 22, 2026

The AUASB has revised Guidance Statement GS 002 Audit Implications of Prudential Reporting Requirements for Registrable Superannuation Entities.

The revised GS 002 replaces the previous version issued in January 2014.  Changes include:

• Updating for a revised APRA Prudential Standard SPS 310 Audit and Related Matters and other relevant changes in prudential standards;
• Updating for new and amended AUASB standards issued since January 2014, including ASAE 3150 Assurance Engagements on Controls; and
• A new Appendix 1 Risk identification and assessment on considerations for identifying and assessing risks for audits of financial reports.

An Illustrative auditor’s report that replaces the previous APRA approved form is also available.