Exposure Drafts

No. ED Title Issue Date Comment Close Date Submission Letters
ED 01/16 Proposed Auditing Standard ASA 800 
Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks
16 Jun
2016 
18 Jul
2016
 
ED 02/16 Proposed Auditing Standard ASA 805
Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
16 Jun
2016
18 Jul  
ED 01/14 Proposed Standard on Assurance Engagements ASAE 34XX Assurance Engagements on Controls (Replacement of AUS 810) 25 Jun
2014
25 Aug
2014
ED 07/13 Proposed Conforming Amendments to ASAE 3402, ASAE 3410 and ASAE 3420 as a Result of Proposed Re-issuance of 
ASAE 3000
11 Dec 2013 3 Feb
2014
ED 06/13 Proposed Framework for Assurance Engagements 11 Dec 2013 3 Feb
2014
ED 05/13 Proposed Standard on Assurance Engagements ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information 11 Dec 2013 3 Feb
2014
ED 04/13 Proposed Auditing Standard ASA 2013-4 Amendments to Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information and Other Assurance Engagements 20 Sep
2013
21 Oct
2013
ED 03/13 Proposed Auditing Standard ASA 2013-2 Amendments to Australian Auditing Standards 2 Aug
2013
30 Sep
2013
ED 02/13 Proposed Auditing Standard ASA 610 (Revised) Using the Work of Internal Auditors 2 Aug
2013
30 Sep
2013
ED 01/13 Proposed Auditing Standard ASA 2013-3 Amendments to Australian Auditing Standards
and
Proposed Amendments to Standard on Related Services ASRS 4400
Agreed-Upon Procedures Engagements to Report Factual Findings
May 2013 26 Jun 
2013
ED 04/12 Proposed Standard on Assurance Engagements ASAE 3xxx
Australian Water Accounting Standard 2
Assurance Engagements on General Purpose Water Accounting Reports (AWAS 2)
17 Dec
2012
15 Mar
2013
ED 03/12 Review of a Financial Report – Company Limited by Guarantee 12 Dec
2012
8 Feb
2013
ED 02/12 Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity 12 Dec
2012
8 Feb
2013
ED 01/12 Proposed Standard on Assurance Engagements ASAE 3410 Assurance Engagements on Greenhouse Gas Statements 9 May
2012
8 Jun
2012
ED 02/11 Proposed Standard on Assurance Engagements ASAE 3450 Assurance Engagements involving Corporate Fundraisings and/or Prospective Financial Information 30 Sep
2011
15 Nov
2011
ED 03/11  Proposed Standard on Related Services ASRS 4450 Comfort Letter Engagements 30 Sep
2011
15 Nov
2011
Consultation Paper  Enhancing the Value of Auditor Reporting: Exploring Options for Change  18 May 2011 16 Aug 2011 
ISAE 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information 3 May
2011
1 Aug
2011
ED 01/11 Proposed Auditing Standard ASA 2011-1 Amendments to Australian Auditing Standards 20 Apr
2011
23 May
2011
IAASB Discussion Paper The Evolving Nature of Financial Reporting: Disclosure and Its Audit Implications 21 Jan 2011 2 May 2011
ISAE 3410  Assurance Engagements on Greenhouse Gas Statements  11 Jan 2011  6 May 2011   
ISRE 2400 Engagements to Review Historical Financial Statements 13 Jan 2011 20 Apr 2011
ED 03/10 Proposed Standard on Assurance Engagements ASAE 4400
Agreed-Upon Assurance Procedures to Report Factual Findings (Revision of AUS 904)
Dec 2010 8 Feb 2011
GS 007 Audit Implications of the Use of Service Organisations for Investment Management Services Mar 2008 4 Feb 2011
Consultation Paper Assurance Engagements for General Purpose Water Accounting Reports
Response Form
2 Sep
2011
31 Oct
2011
ED 01/10 Proposed Standard on Assurance Engagements
ASAE 3402 Assurance Reports on Controls at a Service Organisation
Apr 2010 21 May 2010
ED 02/10 Proposed Auditing Standard on Review Engagements
ASRE 2415 Review of a Financial Report – Company Limited by Guarantee
Explanatory Guide
May 2010 24 Jun 2010
ED 01/09 Proposed Auditing Standard ASA 500 Audit Evidence 6 Mar 2009 6 Apr
2009
ED 02/09 Proposed Auditing Standard ASA 501 Audit Evidence - Specific Considerations for Selected Items 6 Mar 2009 6 Apr
2009
ED 03/09 Proposed Auditing Standard ASA 700 Forming an Opinion and Reporting on a Financial Report  6 Mar 2009 6 Apr
2009
ED 04/09  Proposed Auditing Standard ASA 705 Modifications to the Opinion in the Independent Auditor's Report 6 Mar 2009 6 Apr
2009
ED 05/09  Proposed Auditing Standard ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report 6 Mar 2009 6 Apr
2009
ED 06/09  Proposed Auditing Standard ASA 800 Special Considerations - Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks  6 Mar 2009 6 Apr
2009
ED 07/09 Proposed Auditing Standard ASA 805 Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 6 Mar 2009 6 Apr
2009
ED 08/09 Proposed Auditing Standard ASA 810 Engagements to report on Summary Financial Statements 6 Mar 2009 6 Apr
2009
ED 09/09 Proposed Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports, Other Financial Information, and Other Assurance Engagements 14 Apr
2009
18 May
2009
ED 10/09 Proposed Auditing Standard ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (Revised and Redrafted)
(Re-issuance of ASA 220) 
14 Apr 2009  18 May 2009 
ED 11/09  Agreeing the Terms of Audit Engagements  17 Apr 2009  18 May 2009 
ED 12/09  Communicating Deficiencies in Internal Control to Those Charged With Governance and Management  17 Apr 2009  18 May 2009 
ED 13/09  Audit Considerations Relating to an Entity Using a Service Organisation  17 Apr 2009  18 May 2009 
ED 14/09 External Confirmations  17 Apr 2009  18 May 2009 
ED 15/09  Litigation and Claims  17 Apr 2009  18 May 2009 
ED 16/09  Using the Work of an Auditor's Expert  17 Apr 2009  18 May 2009 
ED 17/09  Comparative Information - Corresponding Figures and Comparative Financial Reports 17 Apr 2009  18 May 2009 
ED 18/09 Proposed Auditing Standard ASA 101 Preamble to Australian Auditing Standards 19 Jun 2009 20 Jul 2009
ED 19/09 Proposed Auditing Standard ASA 520 Analytical Procedures 19 Jun 2009 20 Jul 2009
ED 20/09 Proposed Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity 19 Jun 2009 20 Jul 2009
ED 21/09 Proposed Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements 8 Sep 2009 7 Oct
2009
ED 5/08 Proposed Auditing Standard ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report 31 Jul 2008 30 Aug 2008
ED 6/08 Proposed Auditing Standard ASA 260 Communication with Those Charged with Governance 31 Jul 2008 30 Aug 2008
ED 7/08 Proposed Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement Through
Understanding the Entity and Its Environment
31 Jul 2008 30 Aug 2008
ED 8/08 Proposed Auditing Standard ASA 330 The Auditor's Responses to Assessed Risks 31 Jul 2008 30 Aug 2008
ED 9/08 Proposed Auditing Standard ASA 230 Audit Documentation 15 Sep 2008 15 Oct 2008
ED 10/08 Proposed Auditing Standard ASA 300 Planning an Audit of a Financial Report 15 Sep 2008 15 Oct 2008
ED 11/08 Proposed Auditing Standard ASA 600 Special Considerations – Audits of a Group Financial Report (Including the Work of Component Auditors) 15 Sep 2008 15 Oct 2008
ED 12/08 Proposed Auditing Standard ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures 15 Sep 2008 15 Oct 2008
ED 13/08 Proposed Auditing Standard ASA 560 Subsequent Events 15 Sep 2008 15 Oct 2008
ED 14/08 Proposed Auditing Standard ASA 570 Going Concern 15 Sep 2008 15 Oct 2008
ED 15/08 Proposed Auditing Standard ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards  10 Nov 2008 15 Dec 2008
ED 16/08 Proposed Auditing Standard ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report 10 Nov 2008 15 Dec 2008
ED 17/08 Proposed Auditing Standard ASA 320 Materiality in Planning and Performing an Audit  10 Nov 2008 15 Dec 2008
ED 18/08 Proposed Auditing Standard ASA 450 Evaluation of Misstatements Identified during the Audit  10 Nov 2008 15 Dec 2008
ED 19/08 Proposed Auditing Standard ASA 510 Initial Audit Engagements — Opening Balances 10 Nov 2008 15 Dec 2008
ED 20/08 Proposed Auditing Standard ASA 550 Related Parties  10 Nov 2008 15 Dec 2008
ED 21/08 Proposed Auditing Standard ASA 580 Written Representations  10 Nov 2008 15 Dec 2008
ED 22/08 Proposed Auditing Standard ASA 720 The Auditor's Responsibility in Relation to Other Information in Documents Containing an Audited Financial Report  10 Nov 2008 15 Dec 2008
ED 23/08 Proposed Auditing Standard ASA 530 Audit Sampling 5 Dec 2008 23 Jan 2009
ED 24/08 Proposed Auditing Standard ASA 610 Using the Work of Internal Auditors 5 Dec 2008 23 Jan 2009
ED 5/07 Proposed Standard on Assurance Engagements ASAE 3100 Compliance Engagements Dec 2007 15 Feb 2008  
ED 1/08 Proposed Standard on Assurance Engagements ASAE 3500 Performance Engagements (Revision of AUS 806 & AUS 808) Feb 2008 15 Apr 2008  
ED 2/08 Proposed standard on Review Engagements ASRE 2400 Reviews of Financial Reports Performed by an Assurance Practitioner Who is not the Auditor of the Entity (Replacement of AUS 902) Apr 2008 30 May 2008
ED 3/08

Proposed Standard on Review Engagements ASRE 2405 Review of Historical Financial Informatrion Other than a Financial Report (Replacement of AUS 902)

Apr
2008
30 May 2008
ED 4/08

Proposed Amendments to ASRE 2410 Review of an Interim Financial Report Performed by the Independent Auditor of the Entity

Apr 2008 30 May 2008
ED 33/05 AUS 306 Materiality and Audit Adjustments (Re-issuance of AUS 306) Dec 2005 31 Jan 2006  
ED 34/05 AUS 710 Communication of Audit Matters With Those Charged With Governance (Re-issuance of AUS 710) Dec 2005 31 Jan 2006  
ED 35/05 AUS 802 The Auditor’s Report on Special Purpose Audit Engagements (Re-issuance of AUS 802) Dec 2005 31 Jan 2006  
ED 36/05 ASRE 2410 Review of an Interim Financial Report Performed by the Independent Auditor of the Entity Dec 2005 31 Jan 2006  

Submissions received by the AUASB (in order of receipt date) on Group 4 and Group 5 Exposure Drafts

No. Title
1. CPA Australia (Group 4 & 5 submissions)
2. Institute of Internal Auditors - Australia (ED 31/05 submission)
3. William Buck (Group 4 & 5 submissions)
4. The Institute of Chartered Accountants in Australia (ICAA) (Group 4 & 5 submissions)
5. Auditing Standards Response Group (Group 4 & 5 submissions)
6. Deloitte (Group 4 & 5 submissions)
7.1 Australasian Council of Auditors-General (Group 4 submission)
7.2 Australasian Council of Auditors-General (Group 5 submission)
9. ASIC staff (Group 2, 3, 4 and 5) - confidential submission
10. The National Institute of Accountants (NIA) (Group 4 submission)
12. PricewaterhouseCoopers (Group 4 & 5 submissions)

Group 4 Exposure Drafts, released 9 December 2005

AUASB Exposure Drafts of proposed re-issued Auditing Standards (Group 4, released 9 December 2005. Submissions close 31 January 2006)

No. Title
ED 27/05 AUS 508 Inquiry Regarding Litigation and Claims (Re-issuance of AUS 508)
ED 28/05 AUS 514 Audit Sampling and Other Means of Testing (Re-issuance of AUS 514)
ED 29/05 AUS 516 Audit of Accounting Estimates (Re-issuance of AUS 516)
ED 30/05 AUS 602 Using the Work of Another Auditor (Re-issuance of AUS 602)
ED 31/05 AUS 604 Considering the Work of Internal Audit (Re-issuance of AUS 604)
ED 32/05 AUS 704 Comparatives (Re-issuance of AUS 704)

Group 3 Exposure Drafts, released 16 November 2005

AUASB Exposure Drafts of proposed re-issued Auditing Standards (Group 3, released 16 November 2005. Submissions close 30 December 2005)

No. Title
ED 24/05 Proposed Auditing Standard: The Independent Auditor's Report on a General Purpose Financial Report (Re-issuance of AUS 702) Part A
ED 25/05 Proposed Auditing Standard: Modifications to the Independent Auditor's Report (Re-issuance of AUS 702) Part B
ED 26/05 Proposed Auditing Standard: Related Parties (Re-issuance of AUS 518)

Submissions received by the AUASB (in order of receipt date) on Group 2 and Group 3 Exposure Drafts

No. Title
1. National Institute of Accountants (NIA) (Group 2 and 3 submissions)
2. The Institute of Chartered Accountants in Australia (ICAA) (Group 2 and 3 submissions)
3. Auditing Standards Response Group (Group 2 and 3 submissions)
4. CPA Australia (Group 2 submission)
5. Deloitte (Group 2 submission)
6. KPMG (Group 2 submission)
7. Australasian Council of Auditors-General (ACAG) (Group 2 submission)
8. Australasian Council of Auditors-General (ACAG) (Group 3 submission)
9. Deloitte (Group 3 submission)
10. Pitcher Partners (Group 2 submission)
11. PricewaterhouseCoopers (Group 2 & 3 submissions)
12. CPA Australia (Group 3 submission)
13. KPMG (Group 3 submission)
14. William Buck (Group 2 & 3 submissions)
15. ASIC staff (Group 2, 3, 4 and 5) - confidential submission

Group 2 Exposure Drafts, released 28 October 2005

AUASB Exposure Drafts of proposed re-issued Auditing Standards (Group 2, released 28 October 2005. Submissions close 15 December 2005)

No. Title
ED 06/05 Proposed Foreword to AUASB Pronouncements
ED 07/05 Proposed Auditing Standard: Preamble to AUASB Standards
ED 08/05 Proposed Auditing Standard: Objective and General Principles Governing an Audit of a Financial Report (Re-issuance of AUS 202)
ED 09/05 Proposed Auditing Standard: Terms of Audit Engagements (Re-issuance of AUS 204)
ED 10/05 Proposed Auditing Standard: Quality Control for Audits of a Financial Report (Re-issuance of AUS 206)
ED 11/05 Proposed Auditing Standard: Audit Documentation (Re-issuance of AUS 208)
ED 12/05 Proposed Auditing Standard: The Auditor's Responsibility to Consider Fraud in an Audit of a Financial Report (Re-issuance of AUS 210)
ED 13/05 EProposed Auditing Standard: Other Information in Documents Containing Audited Financial Reports (Re-issuance of AUS 212)
ED 14/05 Proposed Auditing Standard: Consideration of Laws and Regulations in an Audit of a Financial Report (Re-issuance of AUS 218)
ED 15/05 Proposed Auditing Standard: Planning an Audit of a Financial Report (Re-issuance of AUS 302)
ED 16/05 Proposed Auditing Standard: Audit Considerations Relating to Entities Using Service Organisations (Re-issuance of AUS 404)
ED 17/05 Proposed Auditing Standard: Initial Engagements – Opening Balances (Re-issuance of AUS 510)
ED 18/05 Proposed Auditing Standard: Analytical Procedures (Re-issuance of AUS 512)
ED 19/05 Proposed Auditing Standard: Management Representations (Re-issuance of AUS 520)
ED 20/05 Proposed Auditing Standard: Auditing Fair Value Measurements and Disclosures (Re-issuance of AUS 526)
ED 21/05 Proposed Auditing Standard: Using the Work of an Expert (Re-issuance of AUS 606)
ED 22/05 Proposed Auditing Standard: Subsequent Events (Re-issuance of AUS 706)
ED 23/05 Proposed Auditing Standard: Going Concern (Re-issuance of AUS 708)

Group 1 Exposure Drafts, released 31 August 2005

AUASB Exposure Drafts of proposed re-issued Auditing Standards (Group 1, released 31 August 2005. Submissions closed 14 October 2005).

No. Title
  Explanatory Guide to Exposure Drafts of Proposed Auditing Standards issued by the AUASB
ED 01/05 Proposed Auditing Standard: Understanding the Entity and its Environment and Assessing the Risks of Material Misstatements (Re-issuance of AUS 402)
ED 02/05 Proposed Auditing Standard: The Auditor's Procedures in Response to Assessed Risks (Re-issuance of AUS 406)
ED 03/05 Proposed Auditing Standard: Audit Evidence (Re-issuance of AUS 502)
ED 04/05 Proposed Auditing Standard: External Confirmations (Re-issuance of AUS 504)
ED 05/05 Proposed Auditing Standard: Existence and Valuation of Inventory (Re-issuance of AUS 506)

Submissions received by the AUASB (in order of receipt date) on Group 1 Exposure Drafts

No. Title
1. Auditing Standards Response Group
2. Ernst & Young
3. CPA Australia
4. Accounting & Finance Association of Australia and New Zealand Ltd (AFAANZ)
5. Australasian Council of Auditors-General (ACAG)
6. National Institute of Accountants (NIA)
7. Deloitte Touche Tohmatsu
8. KPMG
9. PricewaterhouseCoopers
10. ASIC staff - confidential submission
11. Institute of Chartered Accountants
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