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Media releases

1 Oct. 2009

Information sessions to be held on new suite of auditing standards

AUASB urges auditors to prepare for revised and redrafted auditing standards

Information sessions, hosted jointly by the Auditing and Assurance Standards Board (AUASB) and the three professional accounting bodies, will be held to help auditors gain awareness of the changes to the suite of revised and redrafted Australian Auditing Standards in Clarity format.... Read more

26 Jun. 2009

AUASB issues Revised Guidance for Auditors of Authorised Deposit-taking Institutions

The Auditing and Assurance Standards Board (AUASB) has completely revised and reissued its guidance for auditors of Authorised Deposit-taking Institutions (ADIs) with the release today of a new Guidance Statement, GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions.... Read more

1 Jun. 2009

AICD and AUASB release publication to assist company directors assess

The Australian Institute of Company Directors (AICD) and the Auditing and Assurance Standards Board (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.... Read more

30 Apr. 2009

AUASB provides assistance for auditors navigating the current economic conditions

To assist auditors conducting audits of financial reports in times of economic uncertainty, the Auditing and Assurance Standards Board (AUASB) today released a Bulletin, which provides an overview of the significant issues and areas auditors should consider when undertaking their work.... Read more

14 Apr. 2009

AUASB invites comment on proposed quality control standards

The Auditing and Assurance Standards Board (AUASB) today released exposure drafts of proposed standards ASQC 1 Quality Control for Firms that Perform Audits and Review of Financial Reports, Other Financial Information and Other Assurance Engagements and ASA 220 Quality Control for Audits of a Financial Report and Other Historical Financial Information for comment, as part of its project to revise and redraft the Australian Auditing Standards in Clarity format.... Read more

6 Mar. 2009

AUASB releases eight Clarity format exposure drafts

The Auditing and Assurance Standards Board (AUASB) today released eight exposure drafts of Australian Auditing Standards (ASAs) in Clarity format for comment by 6 April 2009.... Read more

2008 media releases

31 Oct. 2008

AUASB Guidance Statement GS 009 promotes rigorous audits of self managed superannuation funds

Auditors will have greater awareness and understanding of their responsibilities when conducting audits of SMSFs, as the result of a Guidance Statement released today by the Auditing and Assurance Standards Board (AUASB).... Read more

10 Oct. 2008

AUASB applauds international guidance on fair value auditing for Australian auditors.

The Auditing and Assurance Standards Board (AUASB) applauds the International Auditing and Assurance Board (IAASB) for its development of an audit practice alert Challenges in Auditing Fair Value Accounting Estimates in the Current Market Environment.... Read more

31 Jul. 2008

AUASB issues new assurance standard on performance engagements

The Auditing and Assurance Standards Board (AUASB) today released a new Standard on Assurance Engagements, ASAE 3500 Performance Engagements, which will primarily be used on public sector assurance engagements where the performance of an entity’s activities is examined.... Read more

31 Jul. 2008

AUASB announces progression of project to redraft Australian auditing standards

Australian auditors will need to comply with a revised set of Auditing Standards in Clarity format, which will become operative on 1 January 2010.

In line with the strategic direction provided by the Financial Reporting Council, the Auditing and Assurance Standards Board (AUASB) will redraft and issue its legally enforceable Australian Auditing Standards (ASAs). The revised ASAs will conform to the revised International Standards on Auditing (ISAs) to be issued by the International Auditing and Assurance Board (IAASB).... Read more

31 Jul. 2008

AUASB releases first four Clarity format standard exposure drafts

The Auditing and Assurance Standards Board (AUASB) today released the first four exposure drafts of Australian Auditing Standards (ASAs) in Clarity format for comment by 31 August 2008.... Read more

23 Jul. 2008

Media release: AASB, AUASB introduce new websites with enhanced functionality

The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) are launching new websites, featuring new branding, simplified navigation and an electronic solution enabling users to locate and tailor the standards relevant to their particular financial reporting period.... Read more

2 Jul. 2008

AUASB issues guidance on new section in auditor’s report on remuneration disclosures

The AUASB today issued Guidance Statement GS 008 The Auditor’s Report on a Remuneration Report Pursuant to Section 300A of the Corporations Act 2001.
... Read more

2007 media releases