Guidance Statements

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Guidance Statements provide guidance to auditors and assurance practitioners on the application of AUASB Standards and assist auditors and assurance providers to comply with Standards. Guidance Statements are intended to assist auditors and assurance practitioners in applying an existing standard(s) of general application to particular circumstances or specialised industries/sectors.

Accordingly, Guidance Statements refer to, and are written in the context of:

a) specified AUASB Standards;
b) and where relevant, legislation, regulation or other authoritative publication.

Guidance Statements, whilst formally approved and issued by the AUASB, do not establish new principles or amend existing standards. Guidance Statements therefore do not include any additional requirements or extend or vary the existing requirements of any AUASB Standards and are not legally enforceable.

Previous versions of Guidance Statements are listed in the Archive section of this website.

No.	Title	Notes	Issue Date	Operative Date
GS 001	Concise Financial Reports Under the Corporations Act 2001		May 2017	May 2017
GS 002	Audit Implications of Prudential Reporting Requirements for Registered Superannuation Entities		Jan 2014	Jan 2014
GS 003	Assurance Relating to Australian Financial Services Licences issued under the Corporations Act 2001		Sep 2015	Sep 2015
GS 003	Assurance Relating to Australian Financial Services Licenses issued under the Corporations Act 2001		Sep 2022	Sep 2022
GS 004	Audit Implications of Prudential Reporting Requirements for General Insurers and Insurance Groups	Extra	May 2013	May 2013
GS 005	Evaluating the Appropriateness of a Managements's Expert's Work		Mar 2020	Mar 2020
GS 006	Electronic Publication of the Auditor's Report		Mar 2010	Mar 2010
GS 007	Audit Implications of the Use of Service Organisations for Investment Management Services	Comparative Table ASA 402 and ASAE 3402 Requirements	Oct 2011	Oct 2011
GS 008	The Auditor's Report on a Remuneration Report Under Section 300A of the Corporations Act 2001		Mar 2010	Mar 2010
GS 009	Auditing Self-Managed Superannuation Funds		Jun 2020	Jun 2020
GS 010	Responding to Questions at an Annual General Meeting		Sep 2021	2021
GS 011	Third Party Access to Audit Working Papers		Apr 2009	Apr 2009
GS 012	Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions (ADIs) and ADI Groups.		Sep 2020	Sep 2020
GS 013	Special Considerations in the Audit of Compliance Plans of Managed Investment Schemes		Aug 2009	Aug 2009
GS 014	Auditing Mortgage Schemes		Aug 2009	Aug 2009
GS 015	Audit Implications of Accounting for Investments in Associates		Nov 2009	Nov 2009
GS 016	Bank Confirmation Requests		Jun 2022	Jun 2022
GS 016*	Bank Confirmation Requests		Jun 2010	Jun 2010
	Bank Confirmation Audit Request Forms General Treasury and Other Operations
GS 017	Audit Implications for Prudential Reporting Requirements of a Life Company		Dec 2014	Dec 2014
GS 018	Franchising Code of Conduct – Auditor's Reports		Jun 2015	Jun 2015
GS 020	Special Considerations in Auditing Financial Instruments		Mar 2012	Mar 2012
G S 021	Engagements under the National Greenhouse and Energy Reporting Scheme, Carbon Pricing Mechanism and Related Schemes		Nov 2012	Nov 2012
GS 022	Grant Acquittals and Multi-Scope Engagements		Jun 2015	Jun 2015
GS 023	Special Considerations - Public Sector Engagements		Mar 2023	Mar 2023

*Operative for audit engagements with financial reporting periods ending on or after 30 September 2010.