Commonwealth legislation

AUASB 2025-9 Amendments to AUASB Standards

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

8/10 complexity

What this instrument does (mechanics)

Amends a large set of Australian auditing and quality-management standards (19 AUASB standards listed, including ASQM 1 & 2, and multiple ASAs) to align with narrow-scope changes made by the International Auditing and Assurance Standards Board (IAASB). (See: “Objective”; list of amended standards.)
Introduces and replaces wording throughout the affected standards to use the term “publicly traded entity” (with a new working definition) instead of or alongside older references to “listed entity” or to identify where particular requirements apply specifically to publicly traded entities. (See: ASQM 1 Aus 16(p); ASA 200 sub‑para 13(m).)
Adds explanatory (application) material that: (a) gives auditors and firms discretion to apply some requirements that are drafted for publicly traded entities to other entities where there is significant public interest in their financial condition; and (b) lists factors to consider when making that judgement (size, regulatory supervision, systemic importance, large/stakeholder base, likelihood of listing, etc.). (See: ASQM 1 paras A3–A7; ASA 200 paras A14–A18; multiple similar inserts in other ASAs.)
Concretely changes many procedural and reporting paragraphs and illustrative auditor-report templates to mark where rules or reporting conventions apply to audits of publicly traded entities (examples: independence communications, going-concern reporting, key audit matters, engagement quality reviews, other information sections). (See: ASA 260 paras 18–19; ASA 570 paras 34–35; ASA 700 para 30 and para 40(b); ASA 701 para 5.)

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in AUASB 2025-9 Amendments to AUASB Standards.

Obtaining a Copy of this Standard

This Standard is available on the Auditing and Assurance Standards Board (AUASB) website: www.auasb.gov.au

Contact Details

Auditing and Assurance Standards BoardPhone: (03) 8080 7400E-mail: enquiries@auasb.gov.auPostal Address:PO Box 204, Collins Street WestMelbourne Victoria 8007AUSTRALIA

COPYRIGHT

© 2026 Commonwealth of Australia. The text, graphics and layout of this Standard are protected by Australian copyright law and the comparable law of other countries. Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non‑commercial use subject to the inclusion of an acknowledgment of the source as being the Australian Auditing and Assurance Standards Board (AUASB).

Requests and enquiries concerning reproduction and rights for commercial purposes should be addressed to the Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to enquiries@auasb.gov.au. Otherwise, no part of this Standard may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.

ISSN 1030-603X

CONTENTS

PREFACE

AUTHORITY STATEMENT

CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING

Paragraphs

Application...............................................................1-2

Operative Date..............................................................3

Introduction

Scope of this Auditing Standard..................................................4

Objective..................................................................5

Definition..................................................................6

Amendments to AUASB Standards.............................................7-8

Amendments to ASQM 1.....................................................9-25

Amendments to ASQM 2....................................................26-27

Amendments to ASA 200....................................................28-36

Amendments to ASA 210......................................................37

Amendments to ASA 220......................................................38

Amendments to ASA 260....................................................39-45

Amendments to ASA 265....................................................46-48

Amendments to ASA 315......................................................49

Amendments to ASA 510......................................................50

Amendments to ASA 570....................................................52-71

Amendments to ASA 600......................................................72

Amendments to ASA 700....................................................73-84

Amendments to ASA 701....................................................85-86

Amendments to ASA 705....................................................87-91

Amendments to ASA 706....................................................92-94

Amendments to ASA 710...................................................95-100

Amendments to ASA 720..................................................101-113

Amendments to ASA 800..................................................114-117

Amendments to ASRE 2410...................................................118

preface

Obtaining a Copy of this Standard

This Standard is available on the Auditing and Assurance Standards Board (AUASB) website: www.auasb.gov.au

Contact Details

Auditing and Assurance Standards BoardPhone: (03) 8080 7400E-mail: enquiries@auasb.gov.auPostal Address:PO Box 204, Collins Street WestMelbourne Victoria 8007AUSTRALIA