Document ID: chunk:federal_register_of_legislation:F2023C00370:front:0:p2
Version: federal_register_of_legislation:F2023C00370
Segment Type: other
Provision Reference: 
Character Range: 3203–5938

CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING

Paragraphs

Application.............................................................Aus 0.1‑Aus 0.2

Operative Date............................................................Aus 0.3

Introduction

Scope of this Auditing Standard..................................................1

Effective Date...............................................................2

Objective..................................................................3

Definitions.................................................................4

Requirements

Audit Procedures.............................................................5‑9

Audit Conclusions and Reporting.................................................10‑13

Application and Other Explanatory Material

Audit Procedures.............................................................A1‑A7

Audit Conclusions and Reporting.................................................A8‑A9

Appendix 1: Illustrations of Auditors' Reports with Modified Opinions

COMPILATION DETAILS

Auditing Standard ASA 510 Initial Audit Engagements‑Opening Balances (as Amended)

This compilation takes into account amendments made up to and including 15 March 2023 and was prepared on 22 March 2023 by the Auditing and Assurance Standards Board (AUASB).

This compilation is not a separate Auditing Standard made by the AUASB.  Instead, it is a representation of ASA 510 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard     Date made        Operative Date
ASA 510      27 October 2009  Financial reporting periods commencing on or after 1 January 2010
ASA 2015‑1   1 December 2015  Financial reporting periods ending on or after 15 December 2016
ASA 2020-2   30 June 2020     Financial reporting periods ending on or after 15 July 2020
ASA 2020-1   3 March 2020     Financial reporting periods commencing on or after 15 December 2021[*]
ASA 2023-1   15 March 2023    Financial reporting periods commencing on or after 1 January 2023

Legislation History
Standard    Registration Number  Registration Date  Commencement Date
ASA 510     F2009L04089          16 November 2009   17 November 2009
ASA 2015‑1  F2015L02032          16 December 2015   17 December 2015
ASA 2020-2  F2020L00885          7 July 2020        8 July 2020
ASA 2020-1  F2020L00252          13 March 2020      14 March 2020
ASA 2023-1  F2023L00295          21 March 2023      22 March 2023

Table of Amendments
Paragraph affected  How affected  By … [paragraph]
A8(b)               Amended       ASA 2015-1 [148]
Appendix 1          Amended       ASA 2015-1 [149]
Appendix 1          Amended       ASA 2020-2 [37] to [40]