Main FeaturesMain Features

Main Features

This Standard makes minor amendments to the requirements, application and other explanatory material and appendices of the following AUASB Standards:

ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards (Issued 27 October 2009 and amended to 12 November 2025)

ASA 450 Evaluation of Misstatements Identified during the Audit (Issued 27 October 2009 and amended to 30 May 2017)

ASA 570 Going Concern (Issued 14 May 2025)

ASA 700 Forming an Opinion and Reporting on a Financial Report (Issued 1 December 2015 and amended to 12 November 2025)

ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (Issued 9 June 2020 and amended to 12 November 2025)

The amendments arise from a new standard issued by the Australian Accounting Standards Board AASB 18 Presentation and Disclosure in Financial Statements which supersedes AASB 101 Presentation of Financial Statements.

AUTHORITY STATEMENT

The Auditing and Assurance Standards Board makes this Standard AUASB 2025-12 Amendments to AUASB Standards pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001.

Dated: 12 November 2025 D Niven
Chair - AUASB

Conformity with International Standards on Auditing

This Standard has been made for Australian legislative purposes and accordingly there is no equivalent International Standard on Auditing issued by the International Auditing and Assurance Standards Board.