Federal Register of Legislation - Australian Government

Primary content

ASA 550 - Related Parties - October 2006

Authoritative Version
ASA 550 Standards/Accounting & Auditing as made
These Auditing Standards establish mandatory requirements and provide explanatory guidance on the auditor’s responsibilities and audit procedures regarding related parties and transactions with such parties when: (a) Australian Accounting Standard AASB 124 Related Party Disclosures, or similar requirement, is part of the applicable financial reporting framework; or (b) in other circumstances, the auditor considers it appropriate to identify related parties and related party transactions.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 18
Registered 18 Oct 2006
Tabling HistoryDate
Tabled HR19-Oct-2006
Tabled Senate06-Nov-2006
Date of repeal 26 Nov 2020
Repealed by AUASB Repeal of Superseded Auditing Standards 2020
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Legislative Instrument
F2006L03392 : Authoritative PDF Document : 0.3MB Primary Document Icon F2006L03392 : ZIP Document : 30KB
21 pages

Explanatory Statement
F2006L03392ES : PDF Document : 37KB Primary Document Icon F2006L03392ES : ZIP Document : 18KB
7 pages