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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  • IAASB begins quality control project

    The IAASB has launched a new survey as the first stage of a planned overhaul of its quality control requirements as they affect audit and assurance engagements.

    Published on 27 February 2015

  • Compilation reports standard revised

    A revised version of APES 315 Compilation of Financial Information has been released by the Accounting Professional and Ethics Standards Board (APESB).

    Published on 27 February 2015

  • Special purpose audit report revisions

    The IAASB has released an Exposure Draft (ED) of proposed revisions to ISA 800 and ISA 805

    Published on 9 February 2015

  • IAASB issues auditor reporting standards

    The IAASB have released its suite of new and revised Auditor Reporting standards, containing significant reforms to the layout and wording of auditor’s reports

    Published on 30 January 2015

  • AUASB new releases

    The Australian Auditing and Assurance Standards Board (AUASB) has released a revised version of GS 017 Audit Implications for Prudential Reporting Requirements of a Life Company.

    Published on 24 December 2014

  • January release for IAASB Audit reporting standards

    The IAASB has announced a January 2015 release date for its major suite of revised auditor reporting standards, which were approved at its September board meeting

    Published on 17 November 2014

  • Assurance on internal controls submission lodged

    We lodged our joint submission with CPA Australia on the AASB's ED 01/14 Proposed Standard on Assurance Engagements ASAE 34XX Assurance Engagements on Controls (Replacement of AUS 810).

    Published on 15 September 2014