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The AUASB Bulletin released: Aduitor's Responsibilities and the Financial Reporting Framework. The purpose of this bulletin is to remind auditors of their responsibilities in relation to considering the FRF when auditing a financial report. In addition this Bulletin alerts auditors to additional disclosure requirements being proposed for financial reports prepared using a SPF.  Read More

A number of AUASB Members and staff attended the Accounting and Finance Association of Australia and New Zealand (AFAANZ) conference in Brisbane between 6-9 July 2019. The AUASB Chair, Scientia Professor Roger Simnett AO, was a keynote speaker and presented “Rebuilding trust in a profession under pressure: The role of accounting and assurance research”.  Read More

Audit practitioners globally are raising concerns about the growing level of complexity of the auditing standards and the difficulties in applying them to audits of small entities. The AUASB has released a short survey on Audits of Less Complex Entities (LCE) to obtain Australian Stakeholder’s feedback on this important topic. Read More

The AUASB submitted its responses to the IAASB’s Quality Management EDs. Whilst supportive of the overall concepts in the EDs, the AUASB raised concern the greater complexity and detail make the standards more challenging to apply for all auditors. Read More

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