24 Apr. 2017
The AUASB invites comments on Proposed International Standard on Auditing ISA 540 Auditing Accounting Estimates and Related Disclosures. Significant changes in how auditors evaluate accounting estimates and related disclosures have been proposed by the International Auditing and Assurance Standards Board (IAASB)... Read more
21 Apr. 2017
AUASB Chair Roger Simnett talks Key Audit Matters with AICD Senior Policy Adviser Kerry Hicks
AUASB Chair Roger Simnett is featured in this AICD article which addresses the key requirements of the new auditing standard ASA 701: Communicating Key Audit Matters in the Independent Auditor’s Report.
10 Apr. 2017
ASAE 3100 – Compliance engagement requirements set to be clearer
Published as part of the CA ANZ's Perspective series, this AUASB article provides guidance on the application of the revised standard, ASAE 3100 Compliance Engagements.
4 Apr. 2017
Panel Discussions - The New Enhanced Auditor's Report
Together with CA ANZ and CPA Australia, the AUASB is holding an informative session on the experiences and lessons learned from early adopters of the Enhanced Auditor Reporting standards.
Tuesday 9 May, Brisbane.
3 Mar. 2017
AUASB Meeting Highlights - 1 March 2017
The AUASB has released the Highlights from its 1 March 2017 meeting.
Australian assurance practitioners will now have greater clarity when conducting compliance assurance engagements following the Auditing and Assurance Standards Board’s (AUASB) issuance of revised ASAE 3100.... Read more
13 Jan. 2017
We are excited to announce the appointment of Matthew Zappulla to the position of Technical Director at the AUASB.
The Technical Director will lead the development and delivery of AUASB standard-setting projects. ... Read more
22 Dec. 2016
CPA podcast: Changes to Auditor Reporting
Jim Sylph, co-chair of the IAASB’s auditor reporting implementation working group, and Merran Kelsall, AUASB Chairman, explain the uptake around the world and the experiences of countries which have already implemented the changes and firms which have early adopted in this CPA-published podcast.
Listen to the podcast.
19 Dec. 2016
AUASB and AASB Office Closure
The Offices of the AASB and AUASB will close for the Christmas - New Year holiday period from 5.00pm on Friday 23 December and will re-open at 9.00am on Tuesday 3 January 2017. We take this opportunity to wish you a safe and happy Festive Season.
16 Dec. 2016
Appointment - Chair of the Auditing and Assurance Standards Board
Treasurer, the Hon Scott Morrison MP and Minister for Revenue and Financial Services, Kelly O’Dwyer MP, today announced the appointment of Professor Roger Simnett as the Chair of the Auditing and Assurance Standards Board (AUASB) for a five-year period commencing on 1 April 2017. Read more...
2 Dec. 2016
FRC appoints board members to the AUASB
The Financial Reporting Council has announced appointments of board members to the Auditing and Assurance Standards Board (AUASB). ...Read more
21 Nov. 2016
Auditor Reporting FAQs
The AUASB has published a set of FAQs to assist with the adaption to the enhanced auditor reporting requirements that come into effect for the upcoming 31 December 2016 reporting season.
New Roles – Seeking Applicants
The AASB and AUASB are excited to announce that we have commenced recruitment for a further two newly created roles: a Finance and Risk Manager and a Communications Manager. Click here for further information.
28 Oct. 2016
Four new Technical Roles - Seeking Applicants
The AASB and AUASB is excited to announce that we have commenced recruitment for four newly created technical roles: Research Director, AASB, Technical Director, AUASB, Project Manager, AASB & Assistant Project Manager, AUASB . Click here for further information.
5 Oct. 2016
The AUASB has released revised Australian Auditing Standards ASA 810 Engagements to Report on Summary Financial Statements.... Read more
16 Sep. 2016
Highlights of AUASB Meeting 13 September 2016
The AUASB has released the Highlights from its 13 September 2016 meeting.
1 Sep. 2016
The Australian Accounting Standards Board (AASB) and the Australian Auditing and Assurance Standards Board (AUASB) are pleased to announce the appointment of Justin Lachal to the role of National Director, supporting both the AASB and the AUASB.... Read more
30 Aug. 2016
The Financial Reporting Council is seeking applications from interested persons for appointment of members of the AUASB and AASB. Applications are sought by 11 September 2016.... Read more
22 Aug. 2016
The AUASB invites comments on Exposure Draft 04/16 Proposed Standard on Assurance Engagements ASAE 3100 Compliance Engagements.... Read more
2 Aug. 2016
Ms Merran Kelsall, Chairman of the Auditing and Assurance Standards Board (AUASB), is very pleased to announce that the Financial Reporting Council (FRC) has appointed Mr Robert Buchanan as a Member of the AUASB for three years from 1 July 2016.... Read more
17 Jun. 2016
Highlights of AUASB Meeting 14 June 2016
The AUASB has released the Highlights from its 14 June 2016 meeting.
13 May. 2016
National Director role for both AASB & AUASB
A new role of National Director for the AASB & AUASB has been created. If you are interested in helping the Boards contribute to investor confidence in the Australian market, have strong management, strategic planning and HR skills, and are seeking a genuine leadership opportunity, apply now.
2 May. 2016
New Financial Reporting Council Chair appointed
Congratulations to William (Bill) Edge on his appointment as Financial Reporting Council (FRC) Chair. Merran Kelsall, Chair Auditing and Assurance Standards Board (AUASB), and Kris Peach, Chair Australian Accounting Standards Board (AASB), said “We welcome Bill’s appointment. His skills and experience from public practice and academia will enable the FRC to support the AASB and AUASB in achieving the important objective of maintaining confidence in the Australian economy. We look forward to working closely with him.”
21 Apr. 2016
Highlights of AUASB Meeting 18 April 2016
The AUASB has released the Highlights from its 18 April 2016.
20 Apr. 2016
July AUASB Meeting to be held in Sydney
Note: the 26 July AUASB Meeting will be held in Sydney at the offices of CA ANZ, 33 Erskine Street (from 10.00 a.m. to 5.00 p.m.).
10 Mar. 2016
Recruitment - Australian Auditing and Assurance Standards Board (AUASB) Chair
Applications are currently being sought for the the position of the Australian Auditing and Assurance Standards Board (AUASB) Chair...Read More
2 Mar. 2016
Highlights of AUASB Meeting 22 February 2016
The AUASB has released the Highlights from its 22 February 2016.
17 Dec. 2015
The Financial Reporting Council (FRC) has announced appointments as members of the Auditing and Assurance Standards Board (AUASB).... Read more
13 Oct. 2015
Update: GS 009 Auditing Self-Managed Superannuation Funds
Changes to paragraphs 72 and 113 of GS 009 have been made by the AUASB in order to further clarify the guidance in these paragraphs.
6 Oct. 2015
The AUASB has released an updated Guidance Statement GS 009 Auditing Self-Managed Superannuation Funds.... Read more
1 Oct. 2015
The AUASB has released a revised Guidance Statement GS 003 Assurance Relating to Australian Financial Services Licences issued under the Corporations Act 2001.... Read more
17 Sep. 2015
Auditing and Assurance Standards Board is relocating
The Office of the AUASB is relocating on Monday 21st September 2015. Our new address is Podium Level, Level 14, 530 Collins Street, Melbourne. Our phone numbers, email and website address will remain the same.
Please note that AUASB staff will not have access to emails and phone from Friday 18th till Sunday 20th September. AUASB website and its content will be available as normal during this time.
17 Sep. 2015
Highlights of AUASB Meeting 15 September 2015
The AUASB has released the Highlights from its 15 September 2015 meeting.
4 Sep. 2015
The Financial Reporting Council (FRC) is seeking applications to fill two vacancies on the AUASB for individuals currently providing audit or assurance services. Expertise in specialist IT audit, use of data analytics, group audit or audits of financial institutions would also be valuable.... Read more
25 Aug. 2015
The purpose of this publication, prepared by the Integrated Reporting Working Group, is to inform stakeholders about the IAASB’s ongoing work to explore assurance on integrated reporting and other emerging developments in external reporting.... Read more
12 Aug. 2015
The IAASB has released Exposure Drafts for comment on:
- ISA 810, Reporting on Summary Financial Statements
- ISA 250, Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations... Read more
5 Aug. 2015
Highlights of AUASB Meeting 28 July 2015
The AUASB has released the Highlights from its 28 July 2015 meeting.
3 Jul. 2015
Influential Executive role in New Zealand
The External Reporting Board (XRB) of New Zealand is looking for a CEO to help create a world-class standards framework that contributes to New Zealand’s excellent reputation and commercial integrity.
2 Jul. 2015
GS 022 assists auditors in exercising professional judgement in applying the AUASB Standards to a selection of common practical application issues.... Read more
15 Jun. 2015
The AUASB has issued revised Guidance Statement GS 018 Franchising Code of Conduct – Auditor’s Reports on 15 June 2015 which replaces GS 018 Franchising Code of Conduct – Auditor’s Reports issued in October 2010.... Read more
12 Jun. 2015
The Australian Auditing and Assurance Standards Board (AUASB) today issue a proposal to revise the existing Australian Auditing Standard ASA 720 The Auditor’s Responsibilities Related to Other Information in Documents Containing an Audited Financial Report. This proposed Standard, which has been re-titled ASA 720 The Auditor’s Responsibilities Related to Other Information, deals with the auditor’s responsibilities relating to other information included in an entity’s annual report and its revision is part of the AUASB’s project on enhanced auditor reporting.... Read more
12 Jun. 2015
Highlights of AUASB Meeting 9 June 2015
The AUASB has released the Highlights from its 9 June 2015 meeting.
12 May. 2015
AUASB Special Meeting 19 May 2015
The next special meeting of the AUASB will be held on Tuesday, 19 May 2015 commencing at 10.00 a.m. This meeting will be held via teleconference to consider and approve a proposed exposure draft for ISA/ASA 720 The Auditor’s Responsibilities Relating to Other Information.
Interested stakeholders are welcome to come to the AUASB Board room to listen to the discussion.
30 Apr. 2015
The first tranche of exposure drafts addressing the enhancements to auditor reporting have been published today by the AUASB.... Read more
24 Apr. 2015
Highlights of AUASB Meeting 20 April 2015
The AUASB has released the Highlights from its 20 April 2015 meeting.
27 Mar. 2015
The March 2015 edition of Independence, the AUASB’s e-Newsletter has been published.... Read more
23 Mar. 2015
I am pleased to announce that AUASB Member, Ms Robin Low, has been appointed Deputy Chairman of the AUASB.... Read more
16 Mar. 2015
The AUASB has released an updated Guidance Statement GS 005 Using the Work of a Management’s Expert.... Read more
4 Mar. 2015
The International Auditing and Assurance Standards Board (IAASB) has issued a survey in connection with its new Quality Control Initiative.... Read more
26 Feb. 2015
Highlights of AUASB Meeting 24 February 2015
The AUASB has released the Highlights from its 24 February 2015 meeting.
16 Jan. 2015
The first group of key changes to auditor reporting standards was released today by the International Auditing and Assurance Standards Board (IAASB). ... Read more
9 Jan. 2015
A new key standard on controls assurance has been issued by the AUASB, following approval in late December 2014. The new Standard on Assurance Engagements ASAE 3150 Assurance Engagements on Controls is operative for assurance engagements commencing on or after 1 January 2016, with early adoption permitted*. The proposed standard replaces the existing standard, AUS 810 Special Purpose Reports on the Effectiveness of Control Procedures, last revised by the former AuASB in 2002.... Read more