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AUASB Newsletter

September Update

The September 2020 AUASB Newsletter is now available.

Content:
• Highlights from the AUASB’s September meeting
• Newly issued revised Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups
• Information on how to complete the IAASB’s Auditor Reporting Post-Implementation Review Stakeholder Survey
• Information on the IAASB’s Going Concern and Fraud Discussion Paper
• Recently issued Conforming Amendments to the Australian Auditing and Assurance Standards resulting from the revised Code of Ethics
• Amended Auditor’s Responsibilities Statements resulting from the revised APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code)
• Release of the Monitoring Group’s (MG) final report Strengthening the International Audit and Ethics Standard-Setting System
• An International Update addressing the recent matters concerning the IAASB

June Update

The June 2020 AUASB Newsletter is now available.

Content:
• Recently updated COVID-19 Frequently Asked Questions
• Recently released AUASB Consultation Paper on Proposed Group Audit Standard ISA 600
• Newly issued Revised ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (June 2020)
• Recently Revised AUASB Guidance Statement GS 009 Auditing Self-Managed Superannuation funds
• Information about the IAASB’s Signing Partner Survey
• Highlights from the AUASB’s May and June Meetings
• An International Update addressing the IAASB’s Revised Work Plan for 2020-2021 and the NZ FMA/XRB second joint review of key audit matters

May Update

The May 2020 AUASB Newsletter is now available.

Content:
• The AASB-AUASB Joint Publication on The Impact of COVID-19 on Going Concern and Related Assessments
• The AUASB’s COVID-19 Frequently Asked Questions (FAQs)
• The AASB-AUASB Joint FAQ on The Impact of Coronavirus on Financial Reporting and the Auditor's Consideration
• Highlights from the AUASB April Meeting and details to register for the May Meeting
• The proposed IAASB Unauthoritative Guidance on Extended External Reporting (EER)
• An international update on the latest news from the IAASB

March Update

The March 2020 AUASB Newsletter is now available.

Content
• The AASB-AUASB Joint FAQ on The Impact of Coronavirus on Financial Reporting and the Auditor's Consideration
• The AUASB’s newly issued revised ASA 315, GS 005 and Exposure Draft 01/20
• The AUASB Bulletin on The Revised Code of Ethics and the Auditor's Report
• The proposed IAASB Unauthoritative Guidance on Extended External Reporting
• The AUASB response to the Interim Report of the Parliamentary Inquiry into the Regulation of Auditing in Australia
• The auditing implications of the AASB removal of Special Purpose Financial Statements for certain types of for-profit private sector entities
• An update on AUASB operations amid the coronavirus pandemic
• An international update on the latest auditing-related news around the world

December Update

The  December 2019 AUASB Update Newsletter is now available.

Content
• The AUASB’s response to the Parliamentary Inquiry into the Regulation of Auditing in Australia
• The latest AUASB Research Reports
• Details of ASIC’s Audit Inspection Report for 2018-19
• Highlights and the podcast from our most recent AUASB meeting
• An International Update address the latest news on LCE’s and the Brydon review.

September 2019 Update

The  September 2019  newsletter is now available.


Contents

  • AUASB Survey on the revision of Guidance Statements
  • Summary of the feedback on AUASB Less Complex Entities survey
  • AUASB Submissions to the IAASB
  • Meeting Highlights and podcast
  • AUASB articles on climate-related risks
  • International update

June Update

Click here for the latest AUASB Update and check out our new format as well as recent AUASB submissions and articles, details of our recent meetings and links to a number of relevant International Auditing and Assurance Items of Interest.

We welcome feedback on the new format or queries about any of the details via email.

December 2018 Update

The December 2018 newsletter is now available.

May 2018 Update

The May 2018 newsletter is now available.

Contents

  • Upcoming events including joint AASB-AUASB Perth Forums
  • Meeting Highlights and podcast
  • ASA 102 reissued
  • AUASB article on improving transparency
  • International update

February Update

The February 2018 newsletter is now available.

Contents

  • AUASB Submission to the Monitoring Group
  • AUASB Agenda Consultation Forums Overview
  • AUASB Submission to NZAuASB on ED 2017-2 The Audit of Service Performance Information
  • New AUASB Members appointed
  • AUASB Board Meeting
  • International update

October Update

The October 2017 newsletter is now available.

Contents

  • AUASB Agenda Consultation Forums
  • Perth Roundtable: Enhanced Auditor's Report – feedback session
  • The new enhanced Auditor's Report – responding to questions at AGMs
  • New Auditor Reporting FAQs available
  • ASAE 3500 Performance Engagements issued
  • AUASB Strategy
  • September board meeting
  • International update

August Update

The August 2017 newsletter is now available.

Contents

  • ISA 540 submission
  • AUASB Bulletin: Auditor review reports – the impact of the new auditor reporting requirements
  • CA ANZ Presentation: Responding to NOCLAR
  • July board meeting
  • International update

July Update

The July 2017 newsletter is now available.

Contents

  • Auditor Reporting Requirements now in effect
  • New Auditor Reporting FAQs available
  • New amending standard ASA 2017-1 issued
  • Auditor Responsibility Statements updated
  • New Release: Audit Committees: A guide to good practice, 3rd Edition
  • International update