Audit and assurance standards

Development of Auditing Standards

Australian auditing standards are set by the Australian Auditing Standards Board (AUASB). Auditing standards have the force of law for audits and reviews of Corporations Act entities under section 307A of the Corporations Act 2001 (Cth).

Our members are required by professional and ethical standard APES 210 Conformity with Auditing and Assurance Standards to comply with Auditing and Assurance Standards when they conduct auditing and assurance engagements.

This section of the website is dedicated to providing members with the resources they need to understand and apply accounting standards and keep abreast of all the changes.

Our reporting and assurance team monitors developments in auditing standards here and overseas; and provides regular updates for our members via archived Charter articlesAcuity magazine, our ANT newsletter and member newsletter, In the Know.

From this page you can access material which will:

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  • Proposed standard on assurance on controls

    The AUASB has issued Exposure Draft ED 01/14 Proposed Standard on Assurance Engagements ASAE 34XX Assurance Engagements on Controls.

    Published on 14 July 2014

  • What’s new in Auditing for 30 June 2014?

    Audit quality has continued to be a focus for standard setters and regulators both internationally and in Australia this year.

    Published on 10 July 2014

  • AUASB seeking input on IAASB disclosures ED

    The AUASB has issued a call for input on the recently issued IAASB ED Addressing Disclosures in the Audit of Financial Statements.

    Published on 26 June 2014

  • Assurance engagements standards revised

    The AUASB has revised Australia’s assurance framework with the release of the revised versions of:

    Published on 26 June 2014

  • IAASB issues new auditing disclosures ED

    A new ED, Addressing Disclosures in the Audit of Financial Statements, has been released by the International Auditing and Assurance Standards Board (IAASB).

    Published on 19 May 2014

  • IAASB re exposes changes to ISA 720

    IAASB has revised and re exposed its proposals to expand the scope and responsibilities of auditors regarding other information contained in or accompanying an audited financial report.

    Published on 2 May 2014