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Auditing Standard ASA 2025-1 Amendments to Australian Auditing Standards
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Objective
- The objective of this Auditing Standard is to amend the following Auditing Standards in connection with disclosure concerning auditor independence in audit reports following changes made by the Accounting Professional & Ethical Standards Board (APESB) to APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) and communication to those charged with governance:
- ASA 700 Forming an Opinion and Reporting on a Financial Report (Issued 1 December 2015 and amended to 31 March 2023); and
- ASA 260 Communication With Those Charged With Governance (Issued 1 December 2015 and amended to 27 April 2022).