The Auditing and Assurance Standards Board (AUASB) has released an exposure draft of a proposed new assurance standard for compliance engagements: ASAE 3100 “Compliance Engagements”.  
 
This new proposed standard will be an adjunct to ASAE 3000 “Assurance Engagements Other than Audits or Reviews of Historical Financial Information” and will help promote consistency in the audit of an increasingly wide number of compliance engagements. ASAE 3100 will provide guidance on the audit or review of an entity’s compliance with requirements under specifc criteria like legislation, other statutory requirements or company policies.  
 
Click here to view the professional bodies' joint submission to the AUASB.