The new edition of, Auditing & Assurance Handbook 2008 continues to provide students and educators with the latest Australian Auditing and Assurance Standards. Current as of 1 January 2008 the technical editor, Stephanie Kemp, continues the authoritative commentary that offers students an easy to use, and read, volume.
NEW TO THE 2008 EDITION:
Changes to the audit report required by the revised ASA 700, The Auditor's Report on a General Purpose Financial Report, and consequential amendments to other standards
The new ASAE 3000, Assurance Engagements other than Audits or Reviews of Historical Financial Information.
New Guidance Statements issued by the AUASB
New material from the Accounting Professional and Ethical Standards Board covering ethical and practice management issues.
Foreword Principal Addresses Institute Profile About the Technical Editors Introductory Remarks by the Technical Editors Overview of Auditing Developments during 2004 Australian Auditing & Assurance - Institutional Framework Understanding Financial Statement Audits - A Guide for Financial Statement Users Policy Statement 1 - The AuASB Consultative Process Australian Auditing Standards Introduction Foreword to AUASB Pronouncements AUASB Glossary ASA 100 Preamble to AUASB Standards Explanatory Statement Responsibilities ASA 200 - Objective and General Principles Governing an Audit of a Financial Report ASA 210 - Terms of Audit Engagements ASA 220 - Quality Control for Audits of Historical Financial Information ASA 230 - Audit Documentation ASA 240 - The Auditor's Responsibility to Consider Fraud in an Audit of a Financial Report ASA 250 - Consideration of Laws and Regulations in an Audit of a Financial Report ASA 260 - Communication of Audit Matters with Those Charged with Governance Planning ASA 300 - Planning an Audit of a Financial Report ASA 315 - Understanding the Entity and its Environment and Assessing the Risks of Material Misstatements ASA 320 - Materiality and Audit Adjustments ASA 330 The Auditor's Procedures in Response to Assessed Risks Internal Control ASA 402 - Audit Considerations Relating to Entities Using Service Organisations Audit Evidence ASA 500 - Audit Evidence ASA 501 - Existence and Valuation of Inventory ASA 505 External Confirmations ASA 508 - Enquiry Regarding Litigation and Claims ASA 510 - Initial Engagements - Opening Balances ASA 520 - Analytical Procedures ASA 530 - Audit Sampling and Other Means of Testing ASA 540 - Audit of Accounting Estimates ASA 545 - Auditing Fair Value Measurements and Disclosures ASA 550 - Related Parties ASA 560 - Subsequent Events ASA 570 - Going Concern ASA 580 - Management Presentations Using the Work of Others ASA 600 - Using the Work of Another Auditor ASA 610 - Considering the Work of Internal Audit ASA 620 - Using the Work of an Expert Audit Conclusions and Reporting ASA 700 - The Auditor's Report on a General Purpose Financial Report ASA 701 - Modifications to the Auditor's Report ASA 710 - Comparatives ASA 720 - Other Information in Documents Containing Audited Financial Reports Specialised Areas ASA 800 - The Auditor's Report on Special Purpose Audit Engagements Auditing Standards On Review Engagements (ASREs) ASRE 2410 - Review of Interim Financial Report Performed by the Independent Auditing & Assurance Standards (AUSs) AUS 106 - Explanatory Framework for Standards on Audit and Audit Related Services AUS 108 - Framework for Assurance Engagements AUS 110 Assurance Engagements other than Audits pr Reviews of Historical Financial Information Audit Evidence AUS 522 - Audit Evidence Implications of Externally Managed Assets of Superannuation, Provident or Similar Funds AUS 524 - The Auditor's Use of the Work of the Actuary and the Actuary's Use of the Work of the Auditor in Connection with the Preparation and Audit of a Financial Report Specialised Areas AUS 804 - The Audit of Prospective Financial Information AUS 806 - Performance Auditing AUS 808 - Planning Performance Audits AUS 810 - Special Purpose Reports on the Effectiveness of Control Procedures Related Services AUS 902 - Review of Financial Reports AUS 904 - Engagements to Perform Agreed-Upon Procedures Auditing and Assurance Guidance Statements AGS 1002 - Bank Confirmation Requests AGS 1004 - Transitional Arrangements on Changes in Audit Appointments under the Corporations Act 201 AGS 1006 - Expression of an Opinion on Internal AGS 1008 - Audit Implications of Prudential Reporting Requirements for Authorised Deposit-taking Institutions (ADIs) AGS 1010 - Audit Obligations of the Financial Institutions Scheme (Withdrawn) AGS 1012 - Share Buy-Backs - Auditor's Report (Withdrawn) AGS 1014 - Privity Letter Requests AGS 1016 - Audit and Review Reports on Half-Year Financial Reports of Disclosing Entities Under the Corporations Act 2001 AGS 1018 - IT Environments - Stand-alone Personal Computers (Withdrawn) AGS 1020 - IT Environments - On-line Computer Systems (Withdrawn) AGS 1022 - IT Environments - Database Systems (With drawn) AGS 1024 - Life Insurance Act 1995 - Audit Obligations AGS 1026 - Superannuation Funds - Auditor Reports on Externally Managed Assets AGS 1028 - Uncertainty (withdrawn) AGS 1030 - Auditing Derivative Financial Instruments AGS 1032 - The Audit Implications of Accounting for Investments in Associates AGS 1034 - Implications for Management and Auditor's of the Year 2000 Systems Issue (Withdrawn) AGS 1036 - The Consideration of Environmental Matters in the Audit of a Financial Report AGS 1038 - Access to Audit Working Papers AGS 1040 - Franchising Code of Conduct - Auditor's Reports AGS 1042 - Reporting on Control Procedures at Outsourcing Entities AGS 1044 - Audit Reports on Information Provided Other than in a Financial Report (Withdrawn) AGS 1046 - Responding to Questions at an Annual General Meeting AGS 1048 - The Special Considerations in the Audit of Small Entities AGS 1050 - Audit Issues Relating to the Electronic Presentation of Financial Reports AGS 1052 - Special Considerations in the Audit of Compliance Plans of Managed Investment Schemes AGS 1054 - Auditing Revenue of Charitable Entities AGS 1056 - Electronic Commerce - Effect on the Audit of a Financial Report AGS 1058 - Auditing Mortgage Investment Schemes AGS 1060 - Computer Assisted Audit Techniques (Withdrawn) AGS 1062 - Reporting in Connection with Proposed Fundraisings AGS 1064 - Audit Implications of Prudential Reporting Requirements for General Insurers AGS 1066 - Reporting by Auditors on Compliance with International Financial Reporting Standards AGS 1068 - Audit Requirements for Australian Financial Services Licensees under the Corporations Act 2001 AGS 1070 - Special Consideration in the Audit of Risk Management Requirements for Registrable Superannuation Entities and Licensees Guidance Note GN - Auditor's Report on AASB 124 Remuneration Disclosures contained in the Annual Director's Report Accounting Professional and Ethical Standards Board Statements APES 110 - Code of Ethics for Professional Accountants APES 320 Quality Control for Firms APES 410 - Conformity with Auditing and Assurance Standards Code of Professional Conduct F.2 Prospectuses and Reports on Profit Forecasts Miscellaneous Professional Statements APS 1 - Conformity with Accounting Standards and UIG Consensus Views APS 1.1 - Conformity with Auditing Standards (Withdrawn) APS 2 - Terms of Engagement APS 3 - Compatibility of Australian Accounting Standards and International Accounting Standards APS 4 - Statement of Quality Control Standard (Withdrawn) APS 5 - Quality Control Policies and Procedures (Withdrawn) APS 6 - Statement of Taxation Standards APS 7 - Statement of Insolvency Standards APS 8 - Statement of Management Consulting Services Standards APS 9 - Statement on Compilation of Financial Reports APS 10 - Trust Account APS 11 - Statement of Forensic Accounting Standards APS 12 - Statement of Financial Advisory Service Standards