Document ID: chunk:federal_register_of_legislation:F2023C00360:reg:5:p1
Version: federal_register_of_legislation:F2023C00360
Segment Type: reg
Provision Reference: reg 5 (pt 1/3)
Character Range: 4993–8629

5                                                    Amended       ASA 2023-1 [9]
6 and its heading                                    Amended       ASA 2023-1 [10]
A1                                                   Amended       ASA 2023-1 [11]
A3                                                   Amended       ASA 2023-1 [12]
A4                                                   Amended       ASA 2023-1 [13]
A5                                                   Amended       ASA 2023-1 [14]
A6                                                   Deleted       ASA 2023-1 [15]
A7                                                   Amended       ASA 2023-1 [16]

AUTHORITY STATEMENT

 Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (as amended to 15 March 2023) is set out in paragraphs 1 to A6.

 This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied.  This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.

Conformity with International Standards on Auditing

This Auditing Standard has been made for Australian legislative purposes and accordingly there is no equivalent International Standard on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).

However, the requirement and application and other explanatory material in this Auditing Standard have been drawn from ISQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, ISQM 2 Engagement Quality Reviews, ISA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing and ISA 220 Quality Management for an Audit of Financial Statements, issued by the IAASB, as listed in the following table:

ASA 102                    International Standards
Paragraph 6 (requirement)  ISA 200 paragraph 14
                           ISQM 1 paragraph 29
                           ISQM 2 paragraphs 2, 18-20
Paragraph A1               ISA 200 paragraph A17
Paragraph A2               ISA 200 paragraph A18

Paragraph A3               ISA 200 paragraph A18
Paragraph A4               ISA 200 paragraph A18
Paragraph A5               ISA 200 paragraph A19
Paragraph A6               ISQM 1 paragraph A18
                           ISA 220 paragraph A26-A27

Compliance with this Auditing Standard, together with other Australian Auditing Standards, enables compliance with the ISAs and ISQMs.

Auditing Standard ASA 102

The Auditing and Assurance Standards Board (AUASB) made Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, on  December 2019.

This compiled version of ASA 102 incorporates subsequent amendments contained in other Auditing Standards made by the AUASB up to and including 15 March 2023 (see Compilation Details).

Auditing Standard ASA 102

Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements

Application

      1. This Auditing Standard applies to:

           *