Document ID: chunk:federal_register_of_legislation:F2023C01120:reg:3:p1
Version: federal_register_of_legislation:F2023C01120
Segment Type: reg
Provision Reference: reg 3 (pt 1/12)
Character Range: 9039–13827

3                                                                                                                            Amended       ASA 2021-1 [34]
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A7                                                                                                                           Amended       ASA 2021-1 [35]
A13                                                                                                                          Amended       ASA 2021-1 [36]
A13                                                                                                                          Amended       ASA 2021-1 [37]
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A20                                                                                                                          Amended       ASA 2021-1 [38]
A20                                                                                                                          Amended       ASA 2021-1 [39]
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A21                                                                                                                          Amended       ASA 2021-1 [40]
A21                                                                                                                          Amended       ASA 2021-1 [41]
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A23                                                                                                                          Amended       ASA 2021-1 [42]
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A24                                                                                                                          Amended       ASA 2021-1 [44]
A24                                                                                                                          Deleted       ASA 2021-1 [45]
Footnote *
Appendix 1                                                                                                                   Amended       ASA 2021-1 [46]
Appendix 1                                                                                                                   Amended       ASA 2022-1 [20]

AUTHORITY STATEMENT

 Auditing Standard ASA 230 Audit Documentation (as amended to 27 April 2022) is set out in paragraphs Aus 0.1 to A24 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 230 Audit Documentation 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".

The following requirement is additional to ISA 230:

Paragraph Aus 12.1 - Where, in rare and exceptional circumstances, factors outside the auditor's control prevent the auditor from complying with an essential procedure contained within a relevant requirement, the auditor shall document:

    (a)           The circumstances surrounding the inability to comply;

    (b)           The reasons for the inability to comply; and

    (c)           Justification of how alternative audit procedures achieve the objectives of the requirement.
    (Ref: Para. Aus 12.1)

This Auditing Standard incorporates terminology and definitions used in Australia.

The equivalent requirements and related application and other explanatory material included in ISA 230 in respect of "relevant ethical requirements", have been included in Auditing Standard, ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements.  There is no international equivalent to ASA 102.

Compliance with this Auditing Standard enables compliance with ISA 230.

Auditing Standard ASA 230

The Auditing and Assurance Standards Board (AUASB) made Auditing Standard ASA 230 Audit Documentation 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 230 incorporates subsequent amendments contained in other Auditing Standards made by the AUASB up to and including 27 April