ASA 265 - Communicating Deficiencies in Internal Control to Those Charged with Governance and Management - October 2009
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ISSN 1833‑4393
CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Determination of Whether Deficiencies in Internal Control Have Been Identified...........A1-A4
Significant Deficiencies in Internal Control.....................................A5-A11
Communication of Deficiencies in Internal Control...............................A12-A30
COMPILATION DETAILS
Auditing Standard ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (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 265 (October 2009) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 265 [A]
27 October 2009
Financial reporting periods commencing on or after 1 January 2010
ASA 2013‑2 [B]
11 November 2013
Financial reporting periods commencing on or after 1 January 2014
ASA 2020‑1 [C]
3 March 2020
Financial reporting periods commencing on or after 15 December 2021[*]
[A] Federal Register of Legislation – registration number F2009L04068, 11 November 2009
[B] Federal Register of Legislation – registration number F2013L01939, 14 November 2013
[C] Federal Register of Legislation – registration number F2020L00252, 13 March 2020
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
A24
Amended
ASA 2013-2 [54]
1 and Footnote 1
Amended
ASA 2020-1 [61]
2 and Footnote 4
Amended
ASA 2020-1 [62]
A3
Amended
ASA 2020-1 [63]
A8 and Footnote 5
Amended
ASA 2020-1 [64]
AUTHORITY STATEMENT
Auditing Standard ASA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (as amended to 3 March 2020) is set out in paragraphs Aus 0.1 to A30.
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 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management 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”.
Compliance with this Auditing Standard enables compliance with ISA 265.
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