Australian Government
Auditing and Assurance Standards Board
Thursday, December 21, 2023
At its meeting on 6 December 2023, the AUASB reflected on prior consultations and public interest considerations and determined not to adopt the International Standard on Auditing of Financial Statements of Less Complex Entities in Australia. The AUASB have issued a Feedback Statement which summarises the AUASB’s position on the adoption of this standard in Australia.