Australian Auditing Standards are written in the context of an audit of a financial report by an auditor.
The Australian Auditing Standards contain objectives, requirements and application and other explanatory material that are designed to support the auditor in obtaining reasonable assurance.
|ASQC/ASQM 1 and ASQM 2||Quality Control for Firms|
|100 series||Interperating Australian Auditing Standards and Relevant Ethical Requirements|
|200 series||General Principles and Responsibilities|
|300 and 400 series||Risk Assessment and Responses to Assessed Risks|
|500 series||Audit Evidence|
|600 series||Using the Work of Others|
|700 series||Audit Conclusions and Reporting|
|800 series||Specialised Areas|
Standards on Review Engagements establish requirements and provide application and other explanatory material on the responsibilities of an auditor, or assurance practitioner, when engaged to undertake a review engagement and on the form and content of the auditor’s, or assurance practitioner’s, review report.
Standards on Assurance Engagements establish requirements and provide application and other explanatory material for undertaking and reporting on assurance engagements other than audits or reviews of historical financial information covered by Australian Auditing Standards or Standards on Review Engagements.
Standards on Related Services establish requirements and provide application and other explanatory material on the responsibilities of an assurance practitioner, when engaged to undertake engagements other than assurance engagements covered by Australian Auditing Standards, Standards on Review Engagements or Standards on Assurance Engagements.
AUASB Guidance Statements provide guidance to assist an auditor or assurance practitioner to fulfil the objectives of an audit or assurance engagement. They include explanatory details and suggested procedures on specific matters for the purposes of understanding and complying with AUASB standards.
AUASB Guidance Statements do not prescribe or create requirements, establish new principles or amend existing AUASB standards.