Document ID: chunk:federal_register_of_legislation:F2021C01259:front:0:p2
Version: federal_register_of_legislation:F2021C01259
Segment Type: other
Provision Reference: 
Character Range: 3184–7649

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ISSN 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

System of Quality Control and Role of Engagement Teams.............................2-4

Effective Date...............................................................5

Objective..................................................................6

Definitions...........................................................7-Aus 7.6

Requirements

Leadership Responsibilities for Quality on Audits......................................8

Relevant Ethical Requirements.................................................9-11

Acceptance and Continuance of Client Relationships and Audit Engagements..............12-13

Assignment of Engagement Teams...............................................14

Engagement Performance....................................................15-22

Monitoring.................................................................23

Documentation...........................................................24-25

Application and Other Explanatory Material

System of Quality Control and Role of Engagement Teams......................A1-Aus A2.1

Leadership Responsibilities for Quality on Audits....................................A3

Relevant Ethical Requirements...............................................A4-A7

Acceptance and Continuance of Client Relationships and Audit Engagements............A8-A10

Assignment of Engagement Teams..........................................A11-A13

Engagement Performance.................................................A14-A23

Engagement Quality Control Review.........................................A24-A33

Monitoring............................................................A34-A36

Documentation............................................................A37

COMPILATION DETAILS

Auditing Standard ASA 220 Quality Control for an Audit of a Financial Report and Other Historical Financial Information (as Amended)

This compilation takes into account amendments made up to and including 30 June 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 220 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard        Date made         Operative Date
ASA 220 [A]     27 October 2009   Financial reporting periods commencing on or after 1 January 2010
ASA 2011‑1 [B]  27 June 2011      Financial reporting periods commencing on or after 1 July 2011
ASA 2013‑2 [C]  11 November 2013  Financial reporting periods commencing on or after 1 January 2014
ASA 2015‑1 [D]  1 December 2015   Financial reporting periods ending on or after 15 December 2016
ASA 2017‑2 [E]  30 May 2017       Financial reporting periods commencing on or after 1 January 2018
ASA 2020-2 [F]  30 June 2020      Financial reporting periods ending on or after 15 July 2020
ASA 2020-1 [G]  3 March 2020      Financial reporting periods commencing on or after 15 December 2021[*]

    [A] Federal Register of Legislation – registration number F2009L04066, 9 November 2009

    [B] Federal Register of Legislation – registration number F2011L01379, 30 June 2011

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

    [D] Federal Register of Legislation – registration number F2015L02032, 16 December 2015

    [E] Federal Register of Legislation – registration number F2017L01179, 13 September 2017

    [F] Federal Register of Legislation – registration number F2020L00885, 7 July 2020

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

Table of Amendments
Paragraph affected    How affected  By … [paragraph]
7(j)(i)               Amended       ASA 2011‑1 [20]
7(p) Footnote *       Amended       ASA 2011‑1 [21]
A23                   Amended       ASA 2011‑1 [22]
2 Footnote 1          Amended       ASA 2013‑2 [30]
7(d)                  Amended       ASA 2013‑2 [31]