Monday, August 23, 2021
The purpose of this AUASB Bulletin is to introduce the International Auditing and Assurance Standards Board (IAASB) Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Reporting (EER) Assurance Engagements (the Guidance) and provide the Australian context for the non-authoritative guidance published by the IAASB in 2021.
The Bulletin also aims to assist assurance practitioners to navigate the Guidance when undertaking EER assurance engagements under ASAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information.
The AUASB has published the Guidance in Australia without amendment or adaption. This will achieve maximum exposure for the Guidance and promote the use of assurance on EER reports.
The intended audience of the Guidance is assurance practitioners carrying out EER assurance engagements in accordance with ASAE 3000 (Revised). In addition, the Guidance may assist other parties to an EER assurance engagement in their understanding of it, such as preparers and users.