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The AUASB has issued a revised version of AUASB Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups.  The revised GS 012 provides guidance to the appointed auditor of an ADI and/or ADI group, reporting pursuant to the prudential reporting requirements specified by APRA in Prudential Standards APS 310/3PS 310 Audit and Related Matters, and APS 910 Financial Claims Scheme. Read More

AUASB Chair, Professor Roger Simnett welcomed the reappointment of two members of the Auditing and Assurance Standards Board, as announced by the Financial Reporting Council (FRC). Read More

Each year, the Auditing and Assurance Standards Board (AUASB) invites one or more graduate or postgraduate Accounting students to participate in their Graduate Program. The Graduate Program will allow students to gain experience and exposure to all facets of auditing and assurance standard setting, from the technical behind-the-scenes work required to create or amend standards, through to project management, communications, and research. Applications close 23 October 2020, click here for further information.

The IAASB is seeking feedback via a survey from Auditors and users of Auditor Reports on the changes that were made to the Auditors’ Report implemented from December 2016. This feedback will influence the direction of the IAASB and whether there will be future changes to the auditor’s report. The AUASB also wants to hear your views. This is an extensive survey and stakeholders may find it useful to draft and edit this in word before completing and submitting it online. As this is a confidential response to the IAASB, if considered appropriate, we also ask that stakeholders provide us a copy of your response to the survey (in word form) or send us your main points via email, as well as completing this online to the IAASB, in order to inform AUASB’s deliberations. The IAASB survey closes on 23 October 2020. the AUASB would appreciate any feedback before this date in order to inform them on their response.   Read More

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