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.

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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. 

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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.

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Resources

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.

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