Request for Comments on AUASB Exposure Draft ED 02/21 Proposed Auditing Standard ASA 101 Preamble to AUASB Standards

Wednesday, June 16, 2021

The AUASB has issued for public comment Exposure Draft ED 02/21 Proposed Auditing Standard ASA 101 Preamble to AUASB Standards, which will replace ASA 100 Preamble to AUASB Standards (issued 2006) and ASA 101 Preamble to Australian Auditing Standards (issued 2009). 

The closing date for public comment is 30 July 2021.

The key proposals contained in ED 02/21 are to:

The Explanatory Memorandum accompanying ED 02/21 provides further information on the proposed changes to the existing ASA 101 and stakeholder feedback that is sought.

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