SBR went live on 1 July 2010, and the Institute has provided a host of information for members on SBR, including a recent podcast with SBR Program Director, Paul Madden, discussing the finer details of SBR and the technology associated with it (eXtensible Business Reporting Language).  
 
However, the impact of SBR to audit and assurance practitioners and their work has not been discussed. In this regard, the Australian Auditing and Assurance Standards Board (AUASB) has issued a bulletin entitled Standard Business Reporting and XBRL: Information for Audit and Assurance Practitioners.  
 
This bulletin explains that while Australian Auditing Standards currently do not require the auditor to perform procedures or perform assurance on XBRL-tagged data in the context of an audit or review, practitioners may be engaged to perform non-audit services relating to the use of SBR and XBRL.  
 
The bulletin is practical in its application and provides case studies. Auditing members who would like more information are encouraged to visit the Standard Business Reporting webpage.  
 
 
 
Relevant links 

• Standard Business Reporting: website 
  
• The Institute: Standard Business Reporting – podcast  
  
• AUASB: Standard Business Reporting and XBRL: Information for Audit and Assurance Practitioners