ASA 800 - Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks - July 2016
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Part COMPILATION DETAILS - ASA 800 - Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks - July 2016 - COMPILATION DETAILS | Zoe
ISSN 1833‑4393
CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Considerations When Accepting the Engagement......................................8
Considerations When Planning and Performing the Audit..............................9-10
Forming an Opinion and Reporting Considerations.................................11-14
Application and Other Explanatory Material
Definition of Special Purpose Framework.......................................A1-A4
Considerations When Accepting the Engagement..................................A5-A8
Considerations When Planning and Performing the Audit...........................A9-A12
Forming an Opinion and Reporting Considerations...............................A13-A21
Appendix 1: Illustrations of Independent Auditor’s Reports on a Special Purpose Financial Report
COMPILATION DETAILS
Auditing Standard ASA 800 Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (as Amended)
This compilation takes into account amendments made up to and including 7 September 2021 and was prepared on 10 November 2021 by the Auditing and Assurance Standards Board (AUASB).
This compilation is not a separate Auditing Standard made by the AUASB. Instead, it is a representation of ASA 800 (July 2016) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 800 [A]
26 July 2016
Financial reporting periods ending on or after 15 December 2016
ASA 2017‑1 [B]
30 May 2017
Financial reporting periods ending on or after 15 December 2016
ASA 2020-2 [C]
30 June 2020
Financial reporting periods ending on or after 15 July 2020
ASA 2021-4 [D]
7 September 2021
Financial reporting periods commencing on or after 1 July 2021
ASA 2020-1 [E]
3 March 2020
Financial reporting periods commencing on or after 15 December 2021[*]
[A] Federal Register of Legislation – registration number F2016L01268, 8 August 2016.
[B] Federal Register of Legislation – registration number F2017L00693, 19 June 2017
[C] Federal Register of Legislation – registration number F2020L00885, 7 July 2020
[D] Federal Register of Legislation – registration number F2021L01301, 20 September 2021
[E] Federal Register of Legislation – registration number F2020L00252, 13 March 2020
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
Renumbering of paragraphs Aus 1.1 – 1.3
Amended
ASA 2017-1 [12-14]
A18
Deleted
ASA 2017-1 [15]
Aus A18.1
Addition
ASA 2017-1 [16]
Appendix 1
Amended
ASA 2020-2 [83] to [87]
Aus A1.1
Amended
ASA 2021-4 [8]
Appendix 1
Amended
ASA 2021-4 [9]
Appendix 1[Aus] Illustration 4
Deleted
ASA 2021-4 [10]
10Footnote 5
Amended
ASA 2020-1 [212]
AUTHORITY STATEMENT
Auditing Standard ASA 800 Special Considerations – Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (as amended to 7 September 2021) is set out in paragraphs Aus 0.1 to A21 and Appendix 1.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 800 Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.
The equivalent requirements and related application and other explanatory material included in ISA 800 in respect of “relevant ethical requirements”, have been included in Auditing Standard, ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements. There is no international equivalent to ASA 102.
Compliance with this Auditing Standard enables compliance with ISA 800.