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 articles, Acuity magazine, Reporting & Assurance News and member newsletter, In the Know.
From this page you can access material which will:
Revised formats for audit reports, including the reporting of key audit matters will become mandatory in Australia and New Zealand from 15 December 2016
Published on 10 June 2016
Audit requirements for summary financial statements have now been updated to reflect the significant international auditor reporting changes coming into force in December 2016.
Published on 1 April 2016
Revised versions of the international auditing standards impacting special purpose reporting have been released by the International Auditing and Assurance Standards Board (IAASB).
Published on 29 January 2016
A new consultation paper aimed at further enhancing audit quality worldwide is currently open for consultation by the International Auditing and Assurance Standards Board (IAASB).
Published on 22 January 2016