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.
Members of the Institute 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.
The Institute’s reporting and assurance team monitors developments in auditing standards here and overseas and provides regular updates for our members in ANT, Charter and Institute news.
The IAASB has published the 112 comment letters it has received so far on its ED Reporting on Auditing Financial Statements: Proposed New and Revised International Standards on Auditing.
Published on 29 November 2013
Revisions to ASA 610 Using the Work of Internal Auditors have been released by the AUASB along with an accompanying amending standard ASA 2013-2 Amendments to Australian Auditing Standards
Published on 18 November 2013
The Auditing and Assurance Standards Board (AUASB) has released the revised version of GS 009 Auditing Self-Managed Superannuation Funds.
Published on 4 October 2013
Helping small and medium entities and practices understand the potential impact of the IAASB’s new audit reform proposals is the subject of a new article issued by IFAC’s SMP committee.
Published on 6 September 2013
Guidance to help audit firms field test the IAASB’s proposed new look audit report has been released by the International Auditing and Assurance Standards Board (IAASB).
Published on 16 August 2013
Two new ED’s proposing updates to the auditing standards to reflect the growth in the size and strength of internal audit activities worldwide have been issued by the AUASB
Published on 6 August 2013
Significant reform of the content of a standard audit report has moved a step closer with the release by the IAASB of its new ED Reporting on Audited Financial Statements
Published on 30 July 2013
The clarified auditing standards are generally well understood, consistently applied and have been effective in achieving their goals, particularly in the area of helping auditors focus on risk
Published on 30 July 2013
The Australian Auditing and Assurance Standards Board (AUASB) has issued two new standards
Published on 15 July 2013
The pronouncements page of the Australian Auditing Standards Board's (AUASB) website provides access to all current standards, which are both searchable and downloadable.
Published on 26 June 2013