This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to auditors when using the work of a management’s expert as audit evidence in relation to:

  1. the audit of a financial report, in accordance with the Corporations Act 2001;
  2. the audit of a financial report[1] for any other purpose; and
  3. the audit of other historical financial information.


This Guidance Statement provides guidance that may be considered and adapted as necessary in the circumstances, to non-historical information assurance engagements but is not a substitute for referring to the requirements and application material contained in ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information.


For purposes of this Guidance Statement, where the term financial report is used, this includes reference to a complete set of financial statements for any other purpose. Additionally, reference to ‘Company’ in this Guidance Statement, includes any entity subject to audit.