Australian Government
Auditing and Assurance Standards Board
Wednesday, December 1, 2021
In response to the release of ASIC’s Audit inspection report 1 July 2020 to 30 June 2021, the AUASB issued a media release. In addition the AUASB has issued an AUASB Bulletin Supporting Auditors in Enhancing Audit Quality which details a number of specific actions including issuing revised standards and other guidance materials to clarify and drive improved compliance with the requirements in the auditing standards.