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16 May. 2019

Quality Management Roundtables

The AUASB currently has out for exposure three interrelated proposed auditing standards that address quality management at the firm and engagement level:

 

To capture feedback on these Quality Management standards from Australian stakeholders, the AUASB is hosting a number of interactive roundtables which will address the various questions and issues in each exposure draft, and assist the AUASB in finalising its submission to the IAASB on these proposed standards.

Key points about the new Audit Quality Management Standards and these Roundtables:

  • To participate fully and provide your feedback, the AUASB encourages all practitioners planning to attend these Roundtables to review the proposed standards and their accompanying documents (which are available via the AUASB Website) prior to attending.

 

  • These EDs propose important changes to the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements.

 

  • Each ED is accompanied by a supporting Explanatory Memorandum which contains Australian specific issues and questions on each proposed standard.

 

 

  • The AUASB deadline for submissions relating to these New Audit Quality Management Standards is 5 June 2019.

 

Please register your interest at the links below:

Melbourne (May 28, 2019): Register here.

Sydney (May 27, 2019): Register here.

Brisbane (May 30, 2019): Register here.

Perth (May 21, 2019): Register here.

 

Any questions should be directed via email to enquiries@auasb.gov.au