Document ID: chunk:federal_register_of_legislation:F2021C01273:front:0:p2
Version: federal_register_of_legislation:F2021C01273
Segment Type: other
Provision Reference: 
Character Range: 3210–5976

AUDITING

Paragraphs

Application......................................................Aus 0.1-Aus 0.2

Operative Date............................................................Aus 0.3

Introduction

Scope of this Auditing Standard..................................................1

External Confirmation Procedures to Obtain Audit Evidence............................2-3

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

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

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

Requirements

External Confirmation Procedures.................................................7

Management's Refusal to Allow the Auditor to Send a Confirmation Request................8-9

Results of the External Confirmation Procedures...................................10-14

Negative Confirmations.......................................................15

Evaluating the Evidence Obtained................................................16

Application and Other Explanatory Material

External Confirmation Procedures.............................................A1-A7

Management's Refusal to Allow the Auditor to Send a Confirmation Request............A8-A10

Results of the External Confirmation Procedures................................A11-A22

Negative Confirmations......................................................A23

Evaluating the Evidence Obtained...........................................A24-A25

COMPILATION DETAILS

Auditing Standard ASA 505 External Confirmations (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 505 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard        Date made         Operative Date
ASA 505 [A]     27 October 2009   Financial reporting periods commencing on or after 1 January 2010.
ASA 2018-1 [B]  5 December 2018   Financial reporting periods commencing on or after 15 December 2019, with early adoption permitted[*].
ASA 2020-1 [C]  3 March 2020      Financial reporting periods commencing on or after 15 December 2021[#]

    [A] Federal Register of Legislation – registration number F2009L04088, 12 November 2009

    [B] Federal Register of Legislation – registration number F2019L00016, 3 January 2019

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

Table of Amendments
Paragraph affected  How affected  By … [paragraph]