The initial development of auditing standards was in response to

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Australian Auditing Standards establish requirements and provide application and other explanatory material on:

• the responsibilities of an auditor when engaged to undertake an audit of a financial report, or complete set of financial statements, or other historical financial information; and
• the form and content of the auditor’s report

Previous versions of Australian Auditing Standards can be found in the Archive section of this website.

Click on the “Notes” links to access:

• Explanatory Guides
• Basis for Conclusions or
• Explanatory Statements

* The operative date stipulates the date from which the standard is to be applied. For audits or reviews of financial reports, the operative date is stated in relation to a financial reporting period.

Unless otherwise stated in a standard, the auditor/assurance practitioner is permitted to apply a standard before the operative date specified therein. Where a standard is early adopted, all relevant conforming and consequential amendments must also be early adopted.