Document ID: chunk:federal_register_of_legislation:F2022C01191:reg:8:p1
Version: federal_register_of_legislation:F2022C01191
Segment Type: reg
Provision Reference: reg 8 (pt 1/17)
Character Range: 7257–10442

8                         Amended       ASA 2021-1 [97]
A6                        Amended       ASA 2021-1 [98]
A6                        Amended       ASA 2021-1 [99]

Footnote 5
A7                        Amended       ASA 2021-1 [100]

Footnote 7
A10                       Amended       ASA 2021-1 [101]
A11 and sub-heading       Amended       ASA 2021-1 [102]
A11                       Amended       ASA 2021-1 [103]

Footnotes 9 and 10
A12                       Amended       ASA 2021-1 [104]
Renumbering of footnotes  Amended       ASA 2021-1 [105]
A13                       Amended       ASA 2021-1 [106]
A15                       Amended       ASA 2021-1 [107]
A26                       Amended       ASA 2021-1 [108]

AUTHORITY STATEMENT

 Auditing Standard ASA 620 Using the Work of an Auditor's Expert (as amended to 5 November 2021) is set out in paragraphs Aus 0.1 to A42 and Appendix 1.

 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 conforms with International Standard on Auditing ISA 620 Using the Work of an Auditor's Expert, issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board of the International Federation of Accountants (IFAC).

Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix "Aus".

Compliance with this Auditing Standard enables compliance with ISA 620.

Auditing Standard ASA 620

The Auditing and Assurance Standards Board (AUASB) made Auditing Standard ASA 620 Using the Work of an Auditor's Expert pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, on 27 October 2009.

This compiled version of ASA 620 incorporates subsequent amendments contained in other Auditing Standards made by the AUASB up to and including 5 November 2021 (see Compilation Details).

Auditing Standard ASA 620

Using the Work of an Auditor's Expert

Application

Aus 0.1 This Auditing Standard applies to:

(a) an audit of a financial report for a financial year, or an audit of a financial report for a half-year, in accordance with the Corporations Act 2001; and

(b) an audit of a financial report, or a complete set of financial statements, for any other purpose.

Aus 0.2 This Auditing Standard also applies, as appropriate, to an audit of other historical financial information.

Operative Date

Aus 0.3 This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.  [Note:  For operative dates of paragraphs changed or added by an Amending Standard, see Compilation Details.]

Introduction

Scope of this Auditing Standard

      1. This Auditing Standard deals