Auditing Standards

Auditor's Responsibilities

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Australian Auditing Standards

Australian Auditing Standards establish requirements and provide application and other explanatory material on:

  • the responsibilities of an auditor when engaged to undertake an audit of a financial report, or complete set of financial statements, or other historical financial information; and
  • the form and content of the auditor’s report

Previous versions of Australian Auditing Standards can be found in the Archive section of this website.

Click on the “Notes” links to access:

  • Explanatory Guides
  • Basis for Conclusions or
  • Explanatory Statements

Auditing Standards Made Under Section 336 of the Corporations Act 2001


No.  Title Notes Approval Date Operative Date*
ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements

Basis Conclusion

Explanatory Statement

10 Mar
2021
15 Dec
2022
ASQM 2 Engagement Quality Reviews

Basis Conclusion

Explanatory Statement

10 Mar
2021
15 Dec
2022
ASQC 1 Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements (Compiled)   11 Nov
2013
1 Jan
2010
ASQC 1 Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements (Compiled)   30 May 2017 1 Jan
2018 
ASQC 1 Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements (Compiled)   30 Jun
2020
15 Jul
2020
ASA 100 Preamble to AUASB Standards   28 Apr 
2006
1 Jul 
2006
ASA 100 Preamble to AUASB Standards (Compiled)   30 Jun
2020
15 Jul
2020
ASA 101  Preamble to Australian Auditing Standards (Compiled)   27 Jun
2011
1 Jan
2010   
ASA 101 Preamble to AUASB Standards Explanatory statement 7 Sep
2021
1 Oct
2021
ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements Explanatory Statement 7 Mar 
2018
31 Mar
2018
ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements Explanatory Statement 4 Dec 2019 31 Dec
2019
ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   1 Dec
2015
15 Dec
2016
ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   5 Dec 2018 15 Dec
2019

ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   30 Jun
2020
15 Jul
2020
ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Compiled)   7 Sep
2021
1 Oct
2021
ASA 210 Agreeing the Terms of Audit Engagements (Compiled)   1 Dec 2015 15 Dec
2016
ASA 210 Agreeing the Terms of Audit Engagements (Compiled)   30 May 2017 1 Jan
2018 
ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Compiled)   1 Dec
2015
15 Dec
2016
ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Compiled)   30 May 2017 1 Jan
2018 
ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Compiled)   30 Jun
2020
15 Jul
2020
ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information

Basis Conclusion

Explanatory Statement

10 Mar
2021
15 Dec
2022
ASA 230 Audit Documentation (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 230 Audit Documentation (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)

 

30 May 2017 1 Jan
2018
ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report (Compiled)

 

27 Jun
2011
1 Jan
2010  
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report

Basis Conclusion

30 May 2017 1 Jan
2018
ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 260 Communication With Those Charged With Governance

Explanatory Statement

1 Dec
2015 
15 Dec
2016 
ASA 260 Communication With Those Charged With Governance (Compiled)

 

30 May 2017 1 Jan
2018 
ASA 260 Communication With Those Charged With Governance (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 260 Communication With Those Charged With Governance (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (Compiled)

 

11 Nov 2013 1 Jan
2010
ASA 300 Planning an Audit of a Financial Report (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 315 Identifying and Assessing the Risks of Material Misstatement

Basis Conclusion

Explanatory Statement

IAASB Introduction to ISA 315

IAASB Non-Authoritative Support Material

4 Feb
2020
15 Dec
2021

ASA 320 Materiality in Planning and Performing an Audit

 

1 Dec 
2015
15 Dec
2016
ASA 330 The Auditor's Responses to Assessed Risks (Compiled) 

 

1 Dec
2015
15 Dec
2016
ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation (Compiled)

 

11 Nov
2013
1 Jan
2010
ASA 450 Evaluation of Misstatements Identified during the Audit (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 450 Evaluation of Misstatements Identified during the Audit (Compiled)

 

30 May
2017
1 Jan
2018 
ASA 500 Audit Evidence (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 500 Audit Evidence (Compiled)

 

30 May 2017 1 Jan
2018 
ASA 500 Audit Evidence (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 501  Audit Evidence—Specific Considerations for Inventory and Segment Information (Compiled)

 

27 Jun
2011
1 Jan
2010
ASA 502 Audit Evidence—Specific Considerations for Litigation and Claims (Compiled)

 

1 Jul 
2013
1 Jan
2010 
ASA 505  External Confirmations

 

27 Oct 2009  1 Jan
2010  
ASA 505 External Confirmations (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 510 Initial Audit Engagements—Opening Balances (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 510 Initial Audit Engagements—Opening Balances (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 520  Analytical Procedures

 

27 Oct 2009   1 Jan
2010  
ASA 520 Analytical Procedures  (Compiled)

 

5 Dec 2018 15 Dec
2019 

ASA 530  Audit Sampling 

 

27 Oct 2009   1 Jan
2010  
ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 540 Auditing Accounting Estimates and Related Disclosures

Basis for Conclusion

Explanatory Statement

5 Dec
2018
15 Dec
2019

ASA 550 Related Parties (Compiled)

 

11 Nov 2013 1 Jan
2010
ASA 560 Subsequent Events (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 560 Subsequent Events (Compiled)

 

7 Sep 
2021
15 Dec
2021
ASA 570 Going Concern

Explanatory Statement

1 Dec
2015 
15 Dec
2016
ASA 570 Going Concern (Compiled)

 

30 Jun 2020 15 Jul
2020
ASA 580 Written Representations (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 580 Written Representations (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 600 Special Considerations-Audits of a Group Financial Report (Compiled)

 

1 Dec
2015
15 Dec
2016
ASA 600 Special Considerations-Audits of a Group Financial Report (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 610   Using the Work of Internal Auditors

 

11 Nov 2013  1 Jan
2014  
ASA 620 Using the Work of an Auditor's Expert 

 

27 Oct 2009   1 Jan
2010 
ASA 620 Using the Work of an Auditor's Expert  (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 700 Forming an Opinion and Reporting on a Financial Report (Compiled)

Explanatory Statement

30 May 2017 15 Dec
2016
ASA 700 Forming an Opinion and Reporting on a Financial Report (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 700 Forming an Opinion and Reporting on a Financial Report (Compiled)

 

30 Jun 2020 15 Jul
2020
ASA 700 Forming an Opinion and Reporting on a Financial Report (Compiled)

 

7 Sep
2021
1 Oct
2021
ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report (Compiled)

Explanatory Statement

30 May 2017 15 Dec
2016
ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report (Compiled)

 

5 Dec 2018 15 Dec
2019
ASA 705 Modifications to the Opinion in the Independent Auditor's Report

Explanatory Statement

1 Dec
2015
15 Dec
2016
ASA 705 Modifications to the Opinion in the Independent Auditor's Report (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report

Explanatory Statement

1 Dec
2015
15 Dec
2016
ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 710 Comparative Information-Corresponding Figures and Comparative Financial Reports (Compiled) 

 

1 Dec
2015
15 Dec
2016
ASA 710 Comparative Information-Corresponding Figures and Comparative Financial Reports (Compiled) 

 

30 Jun
2020
15 Jul
2020
ASA 720 The Auditor's Responsibilities Relating to Other Information

Explanatory Statement

1 Dec
2015
15 Dec
2016
ASA 720 The Auditor's Responsibilities Relating to Other Information (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 800 Special Considerations-Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Compiled)

Explanatory Statement

30 May 2017 15 Dec
2016
ASA 800 Special Considerations-Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Compiled)

 

30 Jun
2020
15 Jul
2020
ASA 800 Special Considerations-Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Compiled)

 

7 Sep
2021
1 Jul
2021
ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (Compiled)

 

1 Jul 
2013
1 Jan
2010 
ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (July 2020)

Basis Conclusion

Explanatory Statement

9 Jun
2020
1 Jul
2020
ASRE 2415 Review of a Financial Report: Company Limited by Guarantee or an Entity Reporting under the ACNC Act or Other Applicable Legislation or Regulation (Compiled)

 

1 Jul 
2013
1 Jul 
2013

Auditing Standards Not Made Under the Corporations Act 2001

No.  Title Notes Approval Date Operative Date*
ASA 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Explanatory Statement 26 Jul
2016
15 Dec
2016
ASA 805 Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement (Compiled)   30 May
2017
15 Dec
2016
ASA 810 Engagements to Report on Summary Financial Statements Explanatory Guide 13 Sep 2016 15 Dec
2016

Amending Standards

No. Title Notes Issue Date Operative Date*
ASA 2013-1 Amending Standard to ASRE 2415 Review of a Financial Report – Company Limited by Guarantee   28 Mar 2013 1 Jul
2013
ASA 2013-2 Amendments to Australian Auditing Standards   11 Nov 2013 1 Jan
2014
ASA 2013-3 Amendments to Australian Auditing Standards   1 Jul
2013
1 Jul
2013
ASA 2015-1 Amendments to Australian Auditing Standards Amendments to Australian Auditing Standards

Explanatory Statement

Basis Conclusion

1 Dec 2015 15 Dec
2016
ASA 2017-1 Amendments to Australian Auditing Standards

Explanatory Statement

Basis Conclusion

30 May 2017 15 Dec
2016
ASA 2017-2 Amendments to Australian Auditing Standards

Basis Conclusion

30 May 2017 1 Jan
2018
ASA 2018-1 Amendments to Australian Auditing Standards

 

5 Dec
2018

15 Dec
2019

ASA 2020-1 Amendments to Australian Auditing Standards

 

3 Mar
2020

15 Dec
2021

ASA 2020-2 Amendments to Australian Auditing Standards made under Section 336 of the Corporations Act 2001

Explanatory Statement

30 Jun 2020 15 Jul
2020
ASA 2021-1 Amendments to Australian Auditing Standards

 

10 Mar
2021
15 Dec
2022
ASA 2021-2 Amendments to Australian Auditing Standard ASA 560 Subsequent Events

Explanatory 
Statement

7 Sep
2021
15 Dec
2021
ASA 2021-3 Amendments to Australian Auditing Standards

Explanatory Statement

7 Sep
2021
1 Oct
2021
ASA 2021-4 Amendments to Australian Auditing Standard ASA 800 Special Considerations – Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks

Explanatory Statement

7 Sep
2021
1 Jul
2021

* The operative date stipulates the date from which the standard is to be applied. For audits or reviews of financial reports, the operative date is stated in relation to a financial reporting period.

Unless otherwise stated in a standard, the auditor/assurance practitioner is permitted to apply a standard before the operative date specified therein. Where a standard is early adopted, all relevant conforming and consequential amendments must also be early adopted.

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