Auditing Standard ASA 2025-4 Amendments to Australian Auditing Standards
Amendments to ASA 250Amendments to ASA 250
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Amendments to ASA 250
- Existing paragraph 29 is amended to read as follows:
If the auditor has identified or suspects non-compliance with laws and regulations, the auditor shall determine whether law, regulation or relevant ethical requirements: (Ref: Para. A28–A34)
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Require the auditor to report to an appropriate authority outside the entity.
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Establish responsibilities or rights under which reporting to an appropriate authority outside the entity may be appropriate in the circumstances.
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Existing paragraph A13 is amended to read as follows:
Certain other laws and regulations may need particular attention by the auditor because they have a fundamental effect on the operations of the entity (as described in paragraph 6(b)). Non‑compliance with laws and regulations that have a fundamental effect on the operations of the entity may cause the entity to cease operations, or call into question the entity’s ability to continuecontinuance as a going concern.12 For example, non‑compliance with the requirements of the entity’s license or other entitlement to perform its operations could have such an impact (e.g., for a bank, non‑compliance with capital or investment requirements). There are also many laws and regulations relating principally to the operating aspects of the entity that typically do not affect the financial report and are not captured by the entity’s information systems relevant to financial reporting.