Skip to Content | Contact Us | About AUASB | Links

Archived Clarity redrafting exposure drafts 2008 and 2009

ASA redrafting EDs 2009

No.

ED Title Issue date      Comment close date Submissions
ED 01/09 Proposed Auditing Standard ASA 500 Audit Evidence 6 Mar 2009 6 Apr
2009
ED 02/09 Proposed Auditing Standard ASA 501 Audit Evidence - Specific Considerations for Selected Items 6 Mar 2009 6 Apr
2009
ED 03/09 Proposed Auditing Standard ASA 700 Forming an Opinion and Reporting on a Financial Report  6 Mar 2009 6 Apr
2009
ED 04/09  Proposed Auditing Standard ASA 705 Modifications to the Opinion in the Independent Auditor's Report 6 Mar 2009 6 Apr
2009
ED 05/09  Proposed Auditing Standard ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report 6 Mar 2009 6 Apr
2009
ED 06/09  Proposed Auditing Standard ASA 800 Special Considerations - Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks  6 Mar 2009 6 Apr
2009
ED 07/09 Proposed Auditing Standard ASA 805 Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 6 Mar 2009 6 Apr
2009
ED 08/09 Proposed Auditing Standard ASA 810 Engagements to report on Summary Financial Statements 6 Mar 2009 6 Apr
2009
ED 09/09 Proposed Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports, Other Financial Information, and Other Assurance Engagements 14 Apr
2009
18 May
2009
ED 10/09 Proposed Auditing Standard ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Revised and Redrafted)
(Re-issuance of ASA 220) 
14 Apr 2009  18 May 2009 
ED 11/09  Agreeing the Terms of Audit Engagements  17 Apr 2009  18 May 2009 
ED 12/09  Communicating Deficiencies in Internal Control to Those Charged With Governance and Management  17 Apr 2009  18 May 2009 
ED 13/09  Audit Considerations Relating to an Entity Using a Service Organisation  17 Apr 2009  18 May 2009 
ED 14/09 External Confirmations  17 Apr 2009  18 May 2009 
ED 15/09  Litigation and Claims  17 Apr 2009  18 May 2009 
ED 16/09  Using the Work of an Auditor's Expert  17 Apr 2009  18 May 2009 
ED 17/09  Comparative Information - Corresponding Figures and Comparative Financial Reports 17 Apr 2009  18 May 2009 
ED 18/09 Proposed Auditing Standard ASA 101 Preamble to Australian Auditing Standards 19 Jun 2009 20 Jul 2009
ED 19/09 Proposed Auditing Standard ASA 520 Analytical Procedures 19 Jun 2009 20 Jul 2009
ED 20/09 Proposed Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity 19 Jun 2009 20 Jul 2009
ED 21/09 Proposed Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements 8 Sep 2009 7 Oct
2009

Explanatory Guide: Auditors’ Reports (to be read in conjunction with EDs 3/09 - 8/09)

ASA redrafting EDs 2008

No. Title Issue date Comment date closed Submissions
ED 5/08 Proposed Auditing Standard ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report 31 Jul 2008 30 Aug 2008
ED 6/08 Proposed Auditing Standard ASA 260 Communication with Those Charged with Governance 31 Jul 2008 30 Aug 2008
ED 7/08 Proposed Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement Through
Understanding the Entity and Its Environment
31 Jul 2008 30 Aug 2008
ED 8/08 Proposed Auditing Standard ASA 330 The Auditor's Responses to Assessed Risks 31 Jul 2008 30 Aug 2008
ED 9/08 Proposed Auditing Standard ASA 230 Audit Documentation 15 Sep 2008 15 Oct 2008
ED 10/08 Proposed Auditing Standard ASA 300 Planning an Audit of a Financial Report 15 Sep 2008 15 Oct 2008
ED 11/08 Proposed Auditing Standard ASA 600 Special Considerations – Audits of a Group Financial Report (Including the Work of Component Auditors) 15 Sep 2008 15 Oct 2008
ED 12/08 Proposed Auditing Standard ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures 15 Sep 2008 15 Oct 2008
ED 13/08 Proposed Auditing Standard ASA 560 Subsequent Events 15 Sep 2008 15 Oct 2008
ED 14/08 Proposed Auditing Standard ASA 570 Going Concern 15 Sep 2008 15 Oct 2008
ED 15/08 Proposed Auditing Standard ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards  10 Nov 2008 15 Dec 2008
ED 16/08 Proposed Auditing Standard ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report 10 Nov 2008 15 Dec 2008
ED 17/08 Proposed Auditing Standard ASA 320 Materiality in Planning and Performing an Audit  10 Nov 2008 15 Dec 2008
ED 18/08 Proposed Auditing Standard ASA 450 Evaluation of Misstatements Identified during the Audit  10 Nov 2008 15 Dec 2008
ED 19/08 Proposed Auditing Standard ASA 510 Initial Audit Engagements — Opening Balances 10 Nov 2008 15 Dec 2008
ED 20/08 Proposed Auditing Standard ASA 550 Related Parties  10 Nov 2008 15 Dec 2008
ED 21/08 Proposed Auditing Standard ASA 580 Written Representations  10 Nov 2008 15 Dec 2008
ED 22/08 Proposed Auditing Standard ASA 720 The Auditor's Responsibility in Relation to Other Information in Documents Containing an Audited Financial Report  10 Nov 2008 15 Dec 2008
ED 23/08 Proposed Auditing Standard ASA 530 Audit Sampling 5 Dec 2008 23 Jan 2009
ED 24/08 Proposed Auditing Standard ASA 610 Using the Work of Internal Auditors 5 Dec 2008 23 Jan 2009