Application

1

This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to the auditor of a life company[1] in reporting, pursuant to the prudential reporting requirements specified by the Australian Prudential Regulations Authority (APRA) in Prudential Standard LPS 310 Audit and Related Matters (January 2013) (LPS 310).

2

LPS 310 applies to Life Companies from 1 January 2013.

1

The term auditor and life company are defined in paragraph 17 of this guidance statement.