Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (reissued March 2018)
Conformity with International Standards Conformity with International Standards on Auditing
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Turn the raw legal text into a practical explanation grounded in Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (reissued March 2018).
Conformity with International Standards on Auditing
This Auditing Standard has been made for Australian legislative purposes and accordingly there is no equivalent International Standard on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
However, the requirement and application and other explanatory material in this Auditing Standard have been drawn from ISQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements, ISA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing and ISA 220 Quality Control for an Audit of Financial Statements, as issued by the IAASB, as listed in the following table:
| ASA 102 | International Standards |
|---|---|
| Paragraph 6 (requirement) | ISA 200 paragraph 14ISA 220 paragraphs 9‑11ISQC 1 paragraph 20 |
| Paragraph A1 | ISA 200 paragraph A16 |
| Paragraph A2 | ISA 200 paragraph A17 |
| Paragraph A3 | ISQC 1 paragraph A7ISA 200 paragraph A17ISA 220 paragraph A4 |
| Paragraph A4 | ISQC 1 paragraph A8 |
| Paragraph A5 | ISA 200 paragraph A18 |
| Paragraph A6 | ISQC 1 paragraph A9 |
| Paragraph A7 | ISQC 1 paragraph A10ISA 220 paragraph A5 |
Compliance with this Auditing Standard, together with other Australian Auditing Standards, enables compliance with the ISAs and ISQC 1.