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The highlights and podcast of the September 2019 AUASB meeting are now available. The key discussion topics included a review of September 2019 IAASB papers with the main agenda item being ISA 315 Identifying and Assessing the Risks of Material Misstatement, feedback from stakeholders on our exposure draft for ASRE 2410 Review of a Financial Report Performed by the Auditor of the Entity, and more.

The AUASB is currently advertising for outstanding candidates to join its Board, starting in January 1, 2020 and running for a three year term (with a possible extension available). More information about the position can be found on the Financial Reporting Council’s website here

In his latest article for the University of NSW Business School publication, Business Think, AUASB Chair Roger Simnett asks whether a broader use of auditing standards will increase trust. Roger also addresses the issue of assurance quality and credibility in reports, as some practitioners may reference the standards, but elect to not fully apply them.  Read More

The Chair of the Auditing and Assurance Standards Board (AUASB), Professor Roger Simnett AO, welcomes the news that the Parliamentary Joint Committee on Corporations and Financial Services will be investigating the regulation of auditing in Australia. Read More

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