Australian National Audit Office (ANAO) Auditing Standards (01/07/2014)

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July 2014
Australian National Audit Office Auditing Standards
Signed by the Auditor-General
1.         As required by section 24 of the Auditor-General Act 1997 (the Act), I hereby set auditing standards that are to be complied with by persons performing any of the following functions:
(a)        an audit or review referred to in Division 1 (Annual financial             statement audits); Division 1A (Annual performance statement            audits); Division 2 (Performance audits) or Division 2A (Assurance reviews) of Part 4 of the Act; and
(b)        an audit under Division 2 of Part 7 of the Act (Audit of the Australian National Audit Office).
2.         The Australian National Audit Office (ANAO) Auditing Standards comprise the standards referred to below, to the extent that they are not inconsistent with requirements of the Act or other relevant legislation, and to the extent that they apply to the relevant audit or review activity:
(a)        Standards made by the Australian Auditing and Assurance Standards Board (AUASB) pursuant to sub-section 227B(1)(a) of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, that are current from time to time.
(b)        The standards listed in the following table that are issued by the AUASB pursuant to sub-section 227B(1)(b) of the Australian Securities and Investments Commission Act 2001.
Standard Number
Issue Date

ASA 805
Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
October 2009

ASA 810
Engagements to Report on Summary Financial Statements
October 2009

ASRE 2400
Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity
March 2013

ASRE 2405
Review of Historical Financial Information Other than a Financial Report
August 2008

ASAE 3000
Assurance Engagements Other than Audits or Reviews of Historical Financial Information
June 2014

ASAE 3100
Compliance Engagements
September 2008

ASAE 3402
Assurance Reports on Controls at a Service Organisation
June 2014

Standard Number
Issue Date

ASAE 3410
Assurance Engagements on Greenhouse Gas Statements
June 2014

ASAE 3420
Assurance Engagements to Report on the Compilation of Pro Forma Historical Financial Information included in a Prospectus or other Document
June 2014

ASAE 3450
Assurance Engagements involving Corporate Fundraisings and/or Prospective Financial Information
November 2012

ASAE 3500
Performance Engagements
October 2008

ASAE 3610 / AWAS 2  
Assurance Engagements on General Purpose Water Accounting Reports  
February 2014

ASRS 4450
Comfort Letter Engagements
May 2012

(c )       AUS 810 Special Purpose Reports on the Effectiveness of Control Procedures (issued July 2002), issued by the former Australian Accounting Research Foundation on behalf of CPA Australia and The Institute of Chartered Accountants in Australia; and
(d)        for Assurance Reviews undertaken under Division 2A of Part 4 of the Act that are designated by the Auditor-General as Limited Scope Assurance Reviews, the requirements in the Planning and Performing, Obtaining Evidence and Documentation sections of ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information. The reporting arrangements for Limited Scope Assurance Reviews, including arrangements for reporting to the Parliament, will be as determined by the Auditor-General.
3.         The ANAO Auditing Standards relating to the conduct of financial statement and performance audits are consistent with ISSAI 200 Fundamental Principles of Financial Auditing and ISSAI 300 Fundamental Principles of Performance Auditing respectively, issued by the International Organisation of Supreme Audit Institutions (issued 2013).
4.         These ANAO Auditing Standards revoke all previous auditing standards set under section 24 of the Act.
Ian McPhee
1 July 2014

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