Auditing and Assurance Standards Board

Auditing and Assurance Standards Board

Government Administration

An independent, non-corporate Commonwealth entity responsible for developing, issuing and maintaining auditing standards

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About us

The Auditing and Assurance Standards Board (AUASB) is an independent, non-corporate Commonwealth entity of the Australian Government, responsible for developing, issuing and maintaining auditing and assurance standards. Sound public interest-oriented auditing and assurance standards are necessary to reinforce the credibility of the auditing and assurance processes for those who use financial and other information. The AUASB standards are legally enforceable for audits or reviews of financial reports required under the Corporations Act 2001. The AUASB’s role extends to liaison with other standards setters and participation in standard-setting initiatives. The AUASB's Vision is to "Contribute to stakeholder confidence in the Australian economy, including its capital markets, and enhanced credibility in external reporting through independent auditing and assurance." The AUASB Mission is to: - Develop, issue and maintain in the public interest, high quality Australian auditing and assurance standards and guidance that meet user needs and enhance audit and assurance consistency and quality; and - Contribute to the development of a single set of auditing and assurance standards and guidance for world-wide use.

Website
http://www.auasb.gov.au
Industry
Government Administration
Company size
2-10 employees
Type
Government Agency
Founded
2004

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  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    The AUASB invites auditors, experts, users and preparers to attend a Roundtable discussion on:    - The AUASB Exposure Draft of a Proposed Australian Standard on Sustainability Assurance ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001 (ED 02/24) that outlines a proposed timeline for when information in a sustainability report would be subject to audit and/or review.     - The AUASB Consultation Paper on a proposed amendment to ISSA 5000 General Requirements for Sustainability Assurance Engagements in Australia to prohibit direct assistance provided by internal auditors in a sustainability assurance engagement.     Roundtables will be held in October 2024 in Sydney, Melbourne, Perth and online. Spaces are limited, so register now to avoid disappointment!     Follow the link to register: https://lnkd.in/g2_5JKEG

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  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    Calling for Expression of Interest to the Sustainability Assurance Research Workshop to be held at the University of Sydney on 6 February 2025. This workshop is jointly organised by the University of Sydney, Deakin University, the Auditing and Assurance Standards Board (AUASB), and the Accounting & Finance Journal. It will be held in a hybrid format, with in-person attendance preferred. The workshop aims to inform the AUASB on matters relevant to their responsibilities for setting the assurance requirements on climate-related financial information, which will become mandatory for certain entities in Australia on 1 January 2025.   If you are conducting research that aligns with the workshop’s focus and objectives, we encourage you to submit an expression of interest by 30 September 2024 by following the link here: https://lnkd.in/gv-EBH8W Registration for the workshop will open in mid-November 2024. Refer to the flyer for further information.

  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    The AUASB has released an Exposure Draft of a Proposed Australian Standard on Sustainability Assurance ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001 (ED 02/24) that outlines a proposed timeline for when information in a sustainability report prepared in accordance with Chapter 2M of the Corporations Act 2001 would be subject to audit and/or review. These proposals will affect preparers, users, and auditors, and it is important that we hear the views of a wide range of stakeholders. Comments close 16 November 2024. Follow the link for further information: https://lnkd.in/g5W3ZFc6

    • Exposure Draft of a Proposed Australian Standard on Sustainability Assurance ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001 (ED 02/24)
  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    The Public Agenda and Papers for AUASB Meeting 151 to be held on 6 August 2024 is now available. Click link to view: https://lnkd.in/gX_pt4PW Public gallery attendance will be by videoconference only. Members of the public wishing to join the public sessions must register their interest by COB Monday 5 August 2024, by emailing enquiries@auasb.gov.au, detailing: Name Entity Email address and The Agenda Number for the sessions they wish to observe. Only attendees that have pre-registered will be provided with registration details to join the Zoom videoconference.

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  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    Audit Implications of the Consolidated Entity Disclosure Statement The AUASB today released a Bulletin providing guidance on the audit implications of the new Consolidated Entity Disclosure Statement (CEDS). The CEDS is required to be included in annual financial reports of public companies prepared under Chapter 2M of the Corporations Act 2001 from financial years commencing 1 July 2023 (i.e. years ending 30 June 2024).  For more information click link below to view AUASB Bulletin Audit Implications of the Consolidated Entity Disclosure Statement. https://lnkd.in/gcay_AyF

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  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    The Public Agenda and Papers for AUASB Meeting 150 to be held on 17 July 2024 is now available. Click link to view: https://lnkd.in/gFq8s9rY Public gallery attendance will be by videoconference only. Members of the public wishing to join the public sessions must register their interest by COB Tuesday 16 July 2024, by emailing enquiries@auasb.gov.au, detailing: Name Entity Email address and The Agenda Number for the sessions they wish to observe. Only attendees that have pre-registered will be provided with registration details to join the Zoom videoconference.

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  • View organization page for Auditing and Assurance Standards Board, graphic
    Auditing and Assurance Standards Board

    6,481 followers

    AUASB Virtual Meeting 149 is to be held on 10 July 2024. The Public Agenda and Papers for AUASB Meeting 149 to be held on 10 July 2024 are now available. Click link to view: https://lnkd.in/g3ZWEZpT Public gallery attendance will be by videoconference only. Members of the public wishing to join the public sessions must register their interest by COB Tuesday 9 July 2024, by emailing enquiries@auasb.gov.au, detailing: Name Entity Email address and The Agenda Number for the sessions they wish to observe. Only attendees that have pre-registered will be provided with registration details to join the Zoom videoconference.

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