This Auditing Standard applies to:

• an audit of a financial report for a financial year, or an audit or review of a financial report for a half-year, in accordance with the Corporations Act 2001;
• an audit or review of a financial report, or a complete set of financial statements, for any other purpose;
• an audit or review of other financial information;
• other assurance engagements; and
• a firm required to comply with ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements.