AUASB Bulletin: ASA 315 and the Auditor’s Responsibilities for General IT Controls

The AUASB has issued FAQs to assist auditors in understanding their responsibilities for General IT Controls (GITCs) as part of the new ASA 315 Identifying and Assessing the Risks of Material Misstatement, which includes new and updated material about the auditor’s understanding of IT.

AUASB issues Further Guidance to support Public Sector Auditors in applying ASA 570 Going Concern

The AUASB has released an updated version of Guidance Statement GS 023 Special Considerations – Public Sector Engagements (GS 023) which includes further application and explanatory material to support public sector auditors in applying Auditing Standard ASA 570 Going Concern to public sector engagements.  GS 023 is to be read and applied together with ASA 570

Exposure Draft ED 02/22 Proposed Conforming and Consequential Amendments to the other AUASB Standards to align to the IAASB Other Standards

The AUASB has issued for public comment Exposure Draft ED 02/22 Proposed Conforming and Consequential Amendments to the other AUASB Standards to align to the IAASB Other Standards. The closing date for public comment is 22 August 2022.

The AUASB is seeking feedback from stakeholders on proposed conforming and consequential amendments to the other AUASB Assurance Standards which will align their terminology relating to Ethical and Quality Management requirements with that used in the IAASB’s other standards.

Audits of Less Complex Entities

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

Work Program

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

COVID-19 Guidance

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