For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:


Auditing Standards means auditing standards made under section 336 of the Corporations Act 2001 (the “Act”), and include:

  • ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, and Other Assurance Engagements; and
  • ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity.


Australian Auditing Standards means the suite of auditing standards issued by the AUASB, comprising:

  • Auditing Standards made under section 336 of the Corporations Act 2001;
  • ASA 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and
  • ASA 810 Engagements to Report on Summary Financial Statements.