Commonwealth legislation

Auditing Standard ASA 2025-4 Amendments to Australian Auditing Standards

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

6/10 complexity

What this instrument does (mechanically)

It makes a wide set of consequential and conforming amendments to about 20 existing Australian Auditing Standards so those Standards work consistently with the revised ASA 570 (Going Concern). (See: Objective and Scope: "consequential and conforming changes arising from the issuance of a revised ASA 570 Going Concern".)
The changes are textual: updates to examples, illustrations, footnotes and cross‑references, and a small number of added or clarified reporting and documentation expectations that link back to ASA 570. (See: "Amendments to Auditing Standards" and the many listed amended ASAs.)
The instrument sets an operative/commencement timetable: the amendments apply to financial reporting periods commencing on or after 15 December 2026 (operative date paragraph) and the commencement table records 14 December 2026 (see "Operative Date" and the Commencement table). This timing is relevant for audits that start or report for periods after those dates.

Who is directly affected

Audit firms and engagement teams: they must apply the revised wording, update engagement letters, audit programs, report templates and internal policies; auditors must document and report in ways aligned to the revised ASA 570 references. (E.g. ASA 210 A24 on engagement letters; ASA 230 A10 on documentation; ASA 700 and ASA 705 on report content.)
Management and those charged with governance (boards, audit committees): they are required (or expected) to provide going concern assessments covering at least 12 months from the date the financial report is approved and to respond to auditors’ requests. (See amended ASA 210 A24 and Appendix 1: requirement/expectation for management to provide a going concern assessment.)

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Current sections

Direct links to the current provisions in Auditing Standard ASA 2025-4 Amendments to Australian Auditing Standards.

Obtaining a Copy of this Auditing Standa

Obtaining a Copy of this Auditing Standard

This Auditing 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

© 2025 Commonwealth of Australia. The text, graphics and layout of this Auditing 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 Director-National, 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 Auditing 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 Auditing Standards............................................7-8

Amendments to ASA 210.....................................................9-10

Amendments to ASA 220......................................................11

Amendments to ASA 230....................................................12-13

Amendments to ASA 250....................................................14-15

Amendments to ASA 260....................................................16-19

Amendments to ASA 315....................................................20-22

Amendments to ASA 450......................................................23

Amendments to ASA 510....................................................24-27

Amendments to ASA 540....................................................28-29

Amendments to ASA 560......................................................30

Amendments to ASA 580......................................................31

Amendments to ASA 600....................................................32-33

Amendments to ASA 610......................................................34

Amendments to ASA 700....................................................35-42

Amendments to ASA 701....................................................43-47

Amendments to ASA 705....................................................48-57

Amendments to ASA 706....................................................58-64

Amendments to ASA 710....................................................65-71

Amendments to ASA 720....................................................72-80

Amendments to ASA 800....................................................81-84

preface

Obtaining a Copy of this Auditing Standard

This Auditing 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