The Institute has launched an Audit Manual designed to assist auditors, particularly those who deal with small-to medium-sized entities (SMEs), in applying the current Australian Auditing Standards (ASAs). The Manual is based on the International Federation of Accountants (IFAC) Guide to using International Standards on Auditing in the audits of small- and medium-sized entities, issued by the IFAC small and medium practices committee.  
 
The Manual, which is freely available on the Institute website, provides a detailed analysis of the ASAs, with an illustrative case study to further explain how the requirements apply to the audit of an SME. An accompanying Toolkit, complete with forms, checklists and programs necessary for conducting an audit, is available for purchase to supplement the Manual.  
 
The comprehensive Toolkit has been designed to supplement the Manual and to be used as a practical tool to help you apply the Australian Auditing Standards. The Toolkit can be either tailored to suit individual practices or left as is. By having such flexibility, the Toolkit aims to help practitioners conduct high quality and cost effective audits.  
 
The Institute will also be holding training sessions nation-wide to support the manual’s implementation. Training dates are as follows:  
 
 
Brisbane – Wednesday, 3 September 2008  
Melbourne – Friday, 5 September 2008  
Parramatta – Tuesday, 9 September 2008 
Sydney – Wednesday, 10 September 2008  
Adelaide – Friday, 12 September 2008  
Perth – Wednesday, 17 September 2008  
 
For more information on the training, to access a copy of the Manual or to purchase the Toolkit, please click here.