AUASB 2025-7 Amendments to AUASB Standards
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Main Features
This Standard makes amendments to the requirements, application and other explanatory material and appendices of the following AUASB Standards:
ASSA 5000 General Requirements for Sustainability Assurance Engagements (Issued 28 January 2025 and amended to 23 May 2025)
ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (issued 16 December 2024 and amended to 9 July 2025)
The amendments arise from changes made by the Accounting Professional & Ethical Standards Board Limited to APES 110 Code of Ethics for Professional Accountants (including Independence Standards) in relation to the use of external experts and sustainability assurance.
AUTHORITY STATEMENT
The Auditing and Assurance Standards Board makes AUASB 2025-7 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: 9 July 2025 D Niven
Chair - AUASB
Conformity with International Standards on Auditing
This Standard makes amendments to Australian Standard on Sustainability Assurance ASSA 5000 General Requirements for Sustainability Assurance Engagements (ASSA 5000) and Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (ASA 102).
ASSA 5000 conforms with International Standard on Sustainability Assurance ISSA 5000 General Requirements for Sustainability Assurance Engagements issued by the International Auditing and Assurance Standards Board (IAASB).
ASA 102 has been made for Australian legislative purposes and accordingly there is no equivalent International Standard on Auditing issued by the IAASB.