Document ID: chunk:federal_register_of_legislation:F2021C01264:body:0:p2
Version: federal_register_of_legislation:F2021C01264
Segment Type: other
Provision Reference: 
Character Range: 3196–6928

1833‑4393

CONTENTS

COMPILATION DETAILS

AUTHORITY STATEMENT

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.................................................1-3

Effective Date...............................................................4

Objective..................................................................5

Definitions.................................................................6

Requirements............................................................7-11

Application and Other Explanatory Material

Determination of Whether Deficiencies in Internal Control Have Been Identified...........A1-A4

Significant Deficiencies in Internal Control.....................................A5-A11

Communication of Deficiencies in Internal Control...............................A12-A30

COMPILATION DETAILS

Auditing Standard ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (as Amended)

This compilation takes into account amendments made up to and including 3 March 2020 and was prepared on 10 November 2021 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 265 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard        Date made         Operative Date
ASA 265 [A]     27 October 2009   Financial reporting periods commencing on or after 1 January 2010
ASA 2013‑2 [B]  11 November 2013  Financial reporting periods commencing on or after 1 January 2014
ASA 2020‑1 [C]  3 March 2020      Financial reporting periods commencing on or after 15 December 2021[*]

    [A] Federal Register of Legislation – registration number F2009L04068, 11 November 2009

    [B] Federal Register of Legislation – registration number F2013L01939, 14 November 2013

    [C] Federal Register of Legislation – registration number F2020L00252, 13 March 2020

Table of Amendments
Paragraph affected  How affected  By … [paragraph]
A24                 Amended       ASA 2013-2 [54]
1 and Footnote 1    Amended       ASA 2020-1 [61]
2 and Footnote 4    Amended       ASA 2020-1 [62]
A3                  Amended       ASA 2020-1 [63]
A8 and Footnote 5   Amended       ASA 2020-1 [64]

AUTHORITY STATEMENT

 Auditing Standard ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (as amended to 3 March 2020) is set out in paragraphs Aus 0.1 to A30.

 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 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management 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