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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|
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||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
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||May 2017||May 2017|
|GS 019||Auditing Fundraising Revenue of Not-for-Profit Entities||Apr 2011||Apr 2011|
|GS 020||Special Considerations in Auditing Financial Instruments||Mar 2012||Mar 2012|
|GS 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.