AUASB Newsletter
April 2022 Update
The April 2022 AUASB Newsletter is now available.
Content:
- Highlights from the AUASB’s March meeting
- ESG / Sustainability Reporting and Assurance developments
- Post Implementation Review – ASAE 3100 Compliance Engagements
- Webinar on the reissue of APES 320 as a quality management standard specific to non-assurance services provided by Firms
- Modernising GS 016 Bank Confirmation Requests
- Audit considerations on the removal of special purpose financial statements; and
- Proposed IAASB Standard for Less Complex Audits not supported by AUASB in its current form
December 2021 Update
The December 2021 AUASB Newsletter is now available.
Content:
- Highlights from the AUASB’s November/December meeting
- Release of the AASB and AUASB Joint Staff Article Globally consistent reporting for sustainability-related information: Australian perspectives
- Release of New Guidance targeting Public Sector Audit and Assurance Engagements
- ASIC’s Audit inspection report and AUASB Bulletin on Supporting Auditors in Enhancing Audit Quality
- Release of Implementation support materials for ASA 315 Identifying and Assessing the Risks of Material Misstatement
- AUASB Quality Management Awareness Guides
- Appointment of AUASB Chair to the International Auditing and Assurance Standards Board
- AUASB Board Member Changes
September 2021 Update
The September 2021 AUASB Newsletter is now available.
Content:
- Highlights from the AUASB’s September meeting
- Release of the AUASB Consultation Paper for Audits of Less Complex Entities
- The introductory video to the new and revised AUASB Quality Management Standards
- The AUASB bulletin on the integrity of data obtained for the purpose of an audit of a financial report
- The AUASB bulletin on Extended External Reporting (EER) Assurance Guidance in Australia
- The newly updated and reissued GS 010 Responding to Questions at an Annual General Meeting
- The newly issued revised AUASB standards and pronouncements following the September meeting
- Information on how to provide feedback on the AUASB’s digital standards portal
June 2021 Update
The June 2021 AUASB Newsletter is now available.
Content:
- Highlights from the AUASB’s June meeting
- Release of the new AUASB Digital Standards Portal
- Request for Comments on AUASB Exposure Draft 03/21 Proposed Auditing Standard ASA 2021-2 Amendments to Australian Auditing Standard ASA 560 Subsequent Events
- Request for Comments on AUASB Exposure Draft ED 02/21 Proposed Auditing Standard ASA 101 Preamble to AUASB Standards
- Guidance on planning and conducting the audit for the upcoming June reporting season
May 2021 Update
The May 2021 AUASB Newsletter is now available.
Content:
- Highlights from the AUASB’s April meeting
- AUASB Bulletin Audit Considerations on the removal of special purpose financial statements for certain for-profit private sector entities
- Newly released AUASB Bulletin on The Consideration of Cyber Security Risks in an Audit of a Financial Report
- AUASB Staff Guide for Prescribing Assurance and Related Services
- AUASB ED 01/21 Proposed Conforming and Consequential Amendments to the other AUASB Standards as a result of the New and Revised Quality Management Standards.
- The IAASB’s Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Reporting (EER) Assurance Engagements
- The IAASB’s Public Report detailing its progress to support the public interest between July 2019 and December 2020
March 2021 Update
The March 2021 AUASB Newsletter is now available.
Content
- Highlights from the AUASB’s March meeting
- The AUASB’s newly released revised Quality Management Standards ASQM 1, ASQM 2 and ASA 220
- Implementation support materials on ASA 540 Auditing Accounting Estimates and Related Disclosures
- The AUASB’s 2nd report on Audit Quality in Australia: The Perspective of Audit Committee Chairs
- The revised version of the Foreword to AUASB Pronouncements
- The AUASB submission on the IAASB’s Fraud and Going Concern in an Audit of Financial Statements Discussion Paper
- Details on Acting AUASB Chair Bill Edge’s admission into the Australian Accounting Hall of Fame
- An international update featuring recent matters concerning the IAASB, IFIAR, IFAC and UK Government