The AUASB has released the revised ASA 600 Audits of a Group Financial Report (Including the Work of Component Auditors), ASA 600 is expected to enhance audit quality by reinforcing the accountability and ultimate responsibility of the Group Engagement Partner, adopting a risk-based approach to planning and performing a group audit engagement, and emphasising the need for robust communication and interactions between the group and component auditors.
MoreThe AUASB has published a new Bulletin which highlights how the new and revised Quality Management Standards will support enhanced audit quality.
MoreThe AUASB has issued for public comment Exposure Draft ED 01/22 Proposed Conforming and Consequential Amendments to the Australian-Specific AUASB Standards as a result of the New and Revised Quality Management Standards. The closing date for public comment is 10 June 2022.
MoreAccess support materials pertaining to audits of Less Complex Entities here.
Access NowHere you will find the latest updates pertaining to the AUASB's Work Program.
View hereWe have compiled a list of AUASB, government, and industry resources related to the impacts of COVID-19 on financial reporting.
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