Document ID: chunk:federal_register_of_legislation:F2025L00106:body:0:p16
Version: federal_register_of_legislation:F2025L00106
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legally enforceable and registered as legislative instruments under the Legislation Act 2003.
[22]  Section 307A of the Corporations Act requires auditors to conduct audits and reviews of financial reports prepared under Part 2M.3 of the Act in accordance with Auditing Standards.
[23]  See APES 210 Conformity with Auditing and Assurance Standards, issued by the APESB.
[24]  In Australia the term "government audit agencies" refers to State, Territory or Commonwealth Auditors-General.
[25]  The term "professional judgement" is defined in the AUASB Glossary in the context of different types of AUASB Standards.  For assurance engagements, see Framework for Assurance Engagements, paragraphs 56-60.  For related services engagements, see ASRS 4400, paragraphs 13(j) and 18.
[26]  For further details, refer to Framework for Assurance Engagements, paragraphs 5-9.
[27]  See ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.
[28]  For example, see ASA 220 Quality Management for an Audit of Financial Statements.
[29]  For example, a standard might have a principal version issued in 2015 amended by Amending Standards (legislative instruments) that become effective, one each year, from 2016. Therefore, in 2020 the compiled version of the standard will reflect the amendments effective from 2016 through to 2020.
[30]  With the exception of ASA 101, ASA 102, ASQM 1, ASQM 2, ASRE 2410 and ASRE 2415.
[31]  See ASA 200, paragraphs 18-24.
[32]  See ASAE 3000, paragraphs 14-19. See ASSA 5000, paragraphs 19-25.
[33]  See ASA 200, paragraph 22 and ASAE 3000, paragraph 17.
[34]  See ASA 230 Audit Documentation, paragraph Aus 12.1.
[35]  See ASRE 2410, paragraph 7.
[36]  See ASSA 5000, paragraph 24.
[37]  See ASA 200, paragraph Aus 23.1.
[38]  Refer to the AUASB Policy and Process for International Conformance and Harmonisation of Standards for details of the principles and process the AUASB applies in considering modifications to IAASB Standards.