Explanatory Statements

Explanatory Statements must accompany Auditing Standards that are presented to Federal Parliament as disallowable instruments under the Legislative Instruments Act 2003. An Explanatory Statement provides information about the applicable Auditing Standard, such as the reasons for issuing the standard, the purpose and main features of the standard and the processes used by the AUASB in making the standard.

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Title	Issue Date
Explanatory Statement ASA 2013-1 Amending Standard to ASRE 2415 Review of a Financial Report – Company Limited by Guarantee	28 Mar 2013
Explanatory Statement ASA 2012-1 Amending Standard to ASA 570 Going Concern	31 Jul 2012
Explanatory Statement ASRE 2415 Review of a Financial Report – Company Limited by Guarantee	30 Jun 2010
Explanatory Statement ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements	27 Oct 2009
Explanatory Statement ASA 101 Preamble to Australian Auditing Standards	27 Oct 2009
Explanatory Statement ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements	27 Oct 2009
Explanatory Statement ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards	27 Oct 2009
Explanatory Statement ASA 210 Agreeing the Terms of Audit Engagements	27 Oct 2009
Explanatory Statement ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information	27 Oct 2009
Explanatory Statement ASA 230 Audit Documentation	27 Oct 2009
Explanatory Statement ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report	27 Oct 2009
Explanatory Statement ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report	27 Oct 2009
Explanatory Statement ASA 260 Communication with Those Charged with Governance	27 Oct 2009
Explanatory Statement ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management	27 Oct 2009
Explanatory Statement ASA 300 Planning an Audit of a Financial Report	27 Oct 2009
Explanatory Statement ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment	27 Oct 2009
Explanatory Statement ASA 320 Materiality in Planning and Performing an Audit	27 Oct 2009
Explanatory Statement ASA 330 The Auditor's Responses to Assessed Risks	27 Oct 2009
Explanatory Statement ASA 402 Audit Considerations Relating to an Entity Using a Service Organisation	27 Oct 2009
Explanatory Statement ASA 450 Evaluation of Misstatements Identified during the Audit	27 Oct 2009
Explanatory Statement ASA 500 Audit Evidence	27 Oct 2009
Explanatory Statement ASA 501 Audit Evidence—Specific Considerations for Inventory and Segment Information	27 Oct 2009
Explanatory Statement ASA 502 Audit Evidence—Specific Considerations for Litigation and Claims	27 Oct 2009
Explanatory Statement ASA 505 External Confirmations	27 Oct 2009
Explanatory Statement ASA 510 Initial Audit Engagements—Opening Balances	27 Oct 2009
Explanatory Statement ASA 520 Analytical Procedures	27 Oct 2009
Explanatory Statement ASA 530 Audit Sampling	27 Oct 2009
Explanatory Statement ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures	27 Oct 2009
Explanatory Statement ASA 550 Related Parties	27 Oct 2009
Explanatory Statement ASA 560 Subsequent Events	27 Oct 2009
Explanatory Statement ASA 570 Going Concern	27 Oct 2009
Explanatory Statement ASA 580 Written Representations	27 Oct 2009
Explanatory Statement ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors)	27 Oct 2009
Explanatory Statement ASA 610 Using the Work of Internal Auditors	27 Oct 2009
Explanatory Statement ASA 620 Using the Work of an Auditor's Expert	27 Oct 2009
Explanatory Statement ASA 700 Forming an Opinion and Reporting on a Financial Report	27 Oct 2009
Explanatory Statement ASA 705 Modifications to the Opinion in the Independent Auditor's Report	27 Oct 2009
Explanatory Statement ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report	27 Oct 2009
Explanatory Statement ASA 710 Comparative Information—Corresponding Figures and Comparative Financial Reports	27 Oct 2009
Explanatory Statement ASA 720 The Auditor's Responsibilities Relating to Other Information in Documents Containing an Audited Financial Report	27 Oct 2009
Explanatory Statement ASA 800 Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks	27 Oct 2009
Explanatory Statement ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity	27 Oct 2009
Explanatory Statement ASA 100 Preamble to AUASB Standards	28 Apr 2006
Explanatory Statement ASA 200 Objective and General Principles Governing an Audit of a Financial Report	28 Apr 2006
Explanatory Statement ASA 210 Terms of Audit Engagements	28 Apr 2006
Explanatory Statement ASA 220 Quality Control for Audits of Historical Financial Information	28 Apr 2006
Explanatory Statement ASA 230 Audit Documentation	28 Apr 2006
Explanatory Statement ASA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of a Financial Report	28 Apr 2006
Explanatory Statement ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report	28 Apr 2006
Explanatory Statement ASA 260 Communication of Audit Matters with Those Charged with Governance	28 Apr 2006
Explanatory Statement ASA 300 Planning an Audit of a Financial Report	28 Apr 2006
Explanatory Statement ASA 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement	28 Apr 2006
Explanatory Statement ASA 320 Materiality and Audit Adjustments	28 Apr 2006
Explanatory Statement ASA 330 The Auditor’s Procedures in Response to Assessed Risks	28 Apr 2006
Explanatory Statement ASA 402 Audit Considerations Relating to Entities Using Service Organisations	28 Apr 2006
Explanatory Statement ASA 500 Audit Evidence	28 Apr 2006
Explanatory Statement ASA 501 Existence and Valuation of Inventory	28 Apr 2006
Explanatory Statement ASA 505 External Confirmations	28 Apr 2006
Explanatory Statement ASA 508 Enquiry Regarding Litigation and Claims	28 Apr 2006
Explanatory Statement ASA 510 Initial Engagements – Opening Balances	28 Apr 2006
Explanatory Statement ASA 520 Analytical Procedures	28 Apr 2006
Explanatory Statement ASA 530 Audit Sampling and Other Means of Testing	28 Apr 2006
Explanatory Statement ASA 540 Audit of Accounting Estimates	28 Apr 2006
Explanatory Statement ASA 545 Auditing Fair Value Measurements and Disclosures	28 Apr 2006
Explanatory Statement ASA 550 Related Parties	28 Apr 2006
Explanatory Statement ASA 560 Subsequent Events	28 Apr 2006
Explanatory Statement ASA 570 Going Concern	28 Apr 2006
Explanatory Statement ASA 580 Management Representations	28 Apr 2006
Explanatory Statement ASA 600 Using the Work of Another Auditor	28 Apr 2006
Explanatory Statement ASA 610 Considering the Work of Internal Audit	28 Apr 2006
Explanatory Statement ASA 620 Using the Work of an Expert	28 Apr 2006
Explanatory Statement ASA 700 The Auditor’s Report on a General Purpose Financial Report	28 Apr 2006
Explanatory Statement ASA 701 Modifications to the Auditor’s Report	28 Apr 2006
Explanatory Statement ASA 710 Comparatives	28 Apr 2006
Explanatory Statement ASA 720 Other Information in Documents Containing Audited Financial Reports	28 Apr 2006
Explanatory Statement ASA 800 The Auditor’s Report on Special Purpose Audit Engagements	28 Apr 2006
Explanatory Statement ASRE 2410 Review of an Interim Financial Report Performed by the Independent Auditor of the Entity	28 Apr 2006