Auditing and Assurance Standards Board

Latest News

The revised Group Audit Standard – ASA 600 - released by the AUASB

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.

New AUASB Bulletin Quality Management Standards – Enhancing Audit Quality

The AUASB has published a new Bulletin which highlights how the new and revised Quality Management Standards will support enhanced audit quality.

Request for Comments on AUASB Exposure Draft Aligning Existing Australian-Specific AUASB Standards with New, Revised Quality Management Standards

The 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.

Audits of Less Complex Entities

Access support materials pertaining to audits of Less Complex Entities here.

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Work Program

Here you will find the latest updates pertaining to the AUASB's Work Program.

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COVID-19 Guidance

We have compiled a list of AUASB, government, and industry resources related to the impacts of COVID-19 on financial reporting.

AUASB Standards Portal

Looking for details of a Standard? Enter the new AUASB Standards Portal which contains all AUASB Standards in an improved easier to navigate format

Auditor's Responsibilities

Link to AUASB authorised descriptions of Auditor’s Responsibilities