new standards

SQC 1, “Quality Control for Firms that Perform Audit and Reviews of Historical Financial Information, and other Assurance and Related Services Engagements”

Announcement on Amendment to SQC 1 - Retention Period for Engagement Documentation (Working Papers)

100-199 Introductory Matters

200-299 General Principles and Responsibilities

• SA 200 (Revised) issued under the Clarity Project, “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing”

• SA 210 (Revised) under the Clarity Project, “Agreeing the Terms of Audit Engagements”

• SA 220 (Revised)issued under the Clarity Project , “Quality Control for an Audit of Financial Statements”

• SA 230 (Revised) under the Clarity Project, “Audit Documentation”

• SA 240 (Revised) under the Clarity Project, “The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements”

• SA 250 (Revised) under the Clarity Project, “Consideration of Laws and Regulations in an Audit of Financial Statements”

• SA 260 (Revised) under the Clarity Project, “Communication with Those Charged with Governance”

• SA 265 issued under the Clarity Project, “Communicating Deficiencies in Internal Control to Those Charged With Governance and Management”

• SA 299 (AAS 12), “Responsibility of Joint Auditors”

300-499 Risk Assessment and Response to Assessed Risks

• SA 300 (Revised) under the Clarity Project, “Planning an Audit of Financial Statements” •

• SA 315 under the Clarity Project, “Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment”

• SA 320 (Revised) issued under the Clarity Project, “Materiality in Planning and Performing an Audit”

• SA 330 under the Clarity Project, “The Auditor’s Responses to Assessed Risks”

• SA 402 (Revised) issued under the Clarity Project, “Audit Considerations Relating to an Entity Using a Service Organisation”

• SA 450 issued under the Clarity Project, “Evaluation of Misstatements Identified During the Audit”

500-599 Audit Evidence

• SA 500 (Revised) under the Clarity Project, “Audit Evidence”

• SA 501 (Revised)issued under the Clarity Project, “Audit Evidence—Specific Considerations for Selected Items”

• SA 505 (Revised) issued under the Clarity Project, “External Confirmations”

• SA 510 (Revised) under the Clarity Project, “Initial Audit Engagements – Opening Balances”

• SA 520 (Revised) issued under the Clarity Project, “Analytical Procedures”

• SA 530 (Revised) under the Clarity Project, “Audit Sampling”

• SA 540 (Revised) under the Clarity Project, “Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures”

• SA 550 (Revised) under the Clarity Project, “Related Parties”

• SA 560 (Revised) under the Clarity Project, “Subsequent Events”

• SA 570 (Revised) under the Clarity Project, “Going Concern”

• SA 580 (Revised) under the Clarity Project, ”Written Representations”

600-699 Using Work of Others

• SA 600 (AAS 10), “Using the Work of Another Auditor”

• SA 610 (Revised) issued under the Clarity Project, “Using The Work of Internal Auditors”

• SA 620 (Revised) issued under the Clarity Project, “Using the Work of an Auditor’s Expert”

700-799 Audit Conclusions and Reporting

• SA 700 (Revised) issued under the Clarity Project, “Forming an Opinion and Reporting on Financial Statements

• SA 705 issued under the Clarity Project, “Modifications to the Opinion in the Independent Auditor’s Report"

• SA 706 issued under the Clarity Project, “Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report"

• SA 710 (Revised) issued under the Clarity Project, “Comparative Information—Corresponding Figures and Comparative Financial Statements”

• SA 720 under the Clarity Project, “The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements”

800-899 Specialized Areas

• SA 800 issued under the Clarity Project, “Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks”

• SA 805 issued under the Clarity Project, “Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement”

• SA 810 issued under the Clarity Project, “Engagements to Report on Summary Financial Statements”

2000-2699 Standards on Review Engagements (SREs)

• SRE 2400 (Revised), “Engagements to Review Financial Statements

• SRE 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”

3000-3699 Standards on Assurance Engagements (SAEs)

3000-3399 Applicable to All Assurance Engagements

3400-3699 Subject Specific Standards

• SAE 3400 (AAS 35), “The Examination of Prospective Financial Information”

4000-4699 Standards on Related Services (SRSs)

• SRS 4400 (AAS 32), “Engagements to Perform Agreed-upon Procedures Regarding Financial Information”

• SRS 4410 (AAS 31), “Engagements to Compile Financial Information”

General Clarification (GC)-AASB/2/2004 on SA 210

General Clarification (GC)-AASB/1/2002 on SA 620