ASIC Focus for 30 June 2009 financial reports: Published 03 Jul 2009
The Australian Securities and Investment Commission (ASIC) has highlighted a number of areas on which company boards and those responsible for the preparation of financial reports should focus in the upcoming reporting period More >

Revised guidance for auditors of deposit-taking institutions: Published 03 Jul 2009
The AUASB has completely revised and reissued its guidance for auditors of Authorised Deposit-taking Institutions (ADIs) with the release of a new Guidance Statement, GS 012. More >

IOSCO welcomes Audit Clarity project completion: Published 26 Jun 2009
IOSCO has publicly welcomed the completion of the IAASB's Clarity Project, recognising both the important role that high quality international audit standards play in contributing to global financial reporting, supporting investor confidence and decision-making, as well as the benefits that will now flow as a result of the improvements to these standards brought about by this project. More >

AICD and AUASB release 'going concern' publication to assist directors: Published 12 Jun 2009
In response to the difficulties and uncertain economic conditions being faced by Australian companies and other entities, the AICD and the AUASB have issued a publication Going Concern issues in financial reporting: a guide for companies and directors, which explains the concept of ‘going concern’ and assists company directors in performing and reporting on their going concern assessment. More >

AUASB corrects Clarity ED 20/09: Published 03 Jul 2009
The AUASB has revised its latest Clarity ED 20/09: Proposed Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity More >

AUASB releases EDs 18-20/09: Published 26 Jun 2009
The Auditing and Assurance Standards Board (AUASB) has released three exposure drafts of Australian Auditing Standards in 'Clarity' format. More >