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This Auditing Standard reproduces substantial parts of the corresponding International Standard on Auditing issued by the International Auditing and Assurance Standards Board (IAASB) and published by the International Federation of Accountants (IFAC), in the manner described in the statement on Conformity with International Standards on Auditing. The AUASB acknowledges that IFAC is the owner of copyright in the International Standard on Auditing incorporated in this Auditing Standard throughout the world.
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ISSN 1833‑4393
CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Appendix 1: Specific Requirements in ASQC 1 and Other Auditing Standards that Refer to Communications with Those Charged With Governance
Appendix 2: Qualitative Aspects of Accounting Practices
COMPILATION DETAILS
Auditing Standard ASA 260 Communication with Those Charged with Governance (as Amended)
This compilation takes into account amendments made up to and including 11 November 2013 and was prepared on 11 November 2013 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 260 (October 2009) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 260 [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
[A] Federal Register of Legislative Instruments – registration number F2009L04067, 11 November 2009
[B] Federal Register of Legislative Instruments – registration number F2011L01379,
30 June 2011
[C] Federal Register of Legislative Instruments – registration number F2013L01939, 14 November 2013
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
A14First dot point
Amended
ASA 2013-2 [44]
A14Footnote 7
Addition
ASA 2013-2 [45]
Footnote references
Re-numbered
ASA 2013-2 [46]
Aus A14.1
Addition
ASA 2013-2 [47]
Aus A14.1Footnote #
Addition
ASA 2013-2 [48]
A33
Amended
ASA 2013-2 [49]
A43
Amended
ASA 2013-2 [50]
A43Footnote 11
Amended
ASA 2013-2 [51]
Appendix 1
Amended
ASA 2013-2 [52]
Appendix 1Footnote 12
Amended
ASA 2013-2 [53]
AUTHORITY STATEMENT
Auditing Standard ASA 260 Communication with Those Charged with Governance (as amended to 11 November 2013) is set out in paragraphs Aus 0.1 to A45 and Appendices 1 and 2.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, 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.
Dated: 11 November 2013
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 260 Communication with Those Charged with Governances 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 requirements are additional to ISA 260:
In the case of entities audited in accordance with the Corporations Act 2001, the auditor shall communicate with those charged with governance a statement that the engagement team and others in the firm as appropriate, the firm, and, when applicable network firms, have complied with the independence requirements of section 307C of the Corporations Act 2001. (Ref: Para. Aus 17.1)
If the auditor is concerned that a written report intended for those charged with governance has not been, or may not be, distributed to all members of that group, the auditor shall endeavour to ensure all members are appropriately informed of the contents of the report. (Ref: Para. Aus 19.1)
Compliance with this Auditing Standard enables compliance with ISA 260.
Part COMPILATION DETAILS - ASA 260 - Communication with Those Charged with Governance - October 2009 - COMPILATION DETAILS | Zoe