Document ID: chunk:federal_register_of_legislation:F2022C01189:front:0:p2
Version: federal_register_of_legislation:F2022C01189
Segment Type: other
Provision Reference: 
Character Range: 3175–7349

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.................................................1-2

Effective Date...............................................................3

Objective..................................................................4

Definitions.................................................................5

Requirements

Sufficient Appropriate Audit Evidence..............................................6

Information to Be Used as Audit Evidence.........................................7-9

Selecting Items for Testing to Obtain Audit Evidence..................................10

Inconsistency in, or Doubts over Reliability of, Audit Evidence...........................11

Application and Other Explanatory Material

External Information Source.................................................A1-A4

Sufficient Appropriate Audit Evidence........................................A5-A29

Information to Be Used as Audit Evidence.....................................A30-A62

Selecting Items for Testing to Obtain Audit Evidence.............................A63-A67

Inconsistency in, or Doubts over Reliability of, Audit Evidence.........................A68

COMPILATION DETAILS

Auditing Standard ASA 500 Audit Evidence (as Amended)

This compilation takes into account amendments made up to and including 10 March 2021 and was prepared on 31 March 2022 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 500 (October 2009) as amended by other Auditing Standards which are listed in the Table below.

Table of Standards
Standard        Date made         Operative Date
ASA 500 [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 2018-1 [F]  5 December 2018   Financial reporting periods commencing on or after 15 December 2019, with early adoption permitted[*].
ASA 2020-1 [G]  3 March 2020      Financial reporting periods commencing on or after 15 December 2021[#]
ASA 2021-1 [H]  10 March 2021     Financial reporting periods commencing on or after 15 December 2022

    [A] Federal Register of Legislation – registration number F2009L04084, 13 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 F2019L00016, 3 January 2019

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

    [H] Federal Register of Legislation – registration number F2021L00403, 1 April 2021.

Table of Amendments
Paragraph affected                                                                   How affected  By … [paragraph]
A45                                                                                  Amended       ASA 2011-1 [33]
A51                                                                                  Amended       ASA 2013-2 [78]
A57                                                                                  Amended       ASA 2013-2 [79]
5(c)                                                                                 Amended       ASA 2015‑1 [147]