Federal Register of Legislation - Australian Government

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Standards/Accounting & Auditing as made
This instrument repeals and replaces the previously published Australian National Audit Office (ANAO) Auditing Standards.
Administered by: Prime Minister and Cabinet
Registered 15 Mar 2017
Tabling HistoryDate
Tabled HR20-Mar-2017
Tabled Senate20-Mar-2017
Date of repeal 02 Mar 2018
Repealed by Australian National Audit Office Auditing Standards 2018

9 March 2017







Australian National Audit Office Auditing Standards














Signed by the Auditor-General




1.         As required by section 24 of the Auditor-General Act 1997 (the Act), I hereby set auditing standards that are to be complied with by persons performing any of the following functions:


(a)        an audit or review referred to in Division 1 (Annual financial statement audits); Division 1A (Annual performance statement audits); Division 2 (Performance audits) or Division 2A (Assurance reviews) of Part 4 of the Act;


(b)        an audit under Division 2 of Part 7 of the Act (Audit of the Australian National Audit Office); and


(c)        an audit under section 49 of the Public Governance, Performance and Accountability Act 2013 (audit of the annual consolidated financial statements of the Australian Government).


2.         The Australian National Audit Office (ANAO) Auditing Standards comprise the standards referred to below, to the extent that they are not inconsistent with requirements of the Act or other relevant legislation, and to the extent that they apply to the relevant audit or review activity:


(a)        Standards made by the Australian Auditing and Assurance Standards Board (AUASB) pursuant to sub-section 227B(1)(a) of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, that are current from time to time.


(b)        The standards listed in the following table that are issued by the AUASB pursuant to sub-section 227B(1)(b) of the Australian Securities and Investments Commission Act 2001.


Standard Number


Issue Date

ASA 805

Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement

July 2016

ASA 810

Engagements to Report on Summary Financial Statements

September 2016

ASRE 2400

Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity

March 2013

ASRE 2405

Review of Historical Financial Information Other than a Financial Report

August 2008

ASAE 3000

Assurance Engagements Other than Audits or Reviews of Historical Financial Information

June 2014

ASAE 3100

Compliance Engagements

February 2017

ASAE 3150

Assurance Engagements on Controls

January 2015

ASAE 3402

Assurance Reports on Controls at a Service Organisation

June 2014

ASAE 3410

Assurance Engagements on Greenhouse Gas Statements

June 2014

ASAE 3420

Assurance Engagements to Report on the Compilation of Pro Forma Historical Financial Information included in a Prospectus or other Document

June 2014

ASAE 3450

Assurance Engagements involving Corporate Fundraisings and/or Prospective Financial Information

November 2012

ASAE 3500

Performance Engagements

October 2008

ASAE 3610 / AWAS 2  

Assurance Engagements on General Purpose Water Accounting Reports  

February 2014

ASRS 4400

Agreed-Upon Procedures Engagements to Report Actual Findings

July 2013

ASRS 4450

Comfort Letter Engagements

May 2012


3.         The ANAO Auditing Standards relating to the conduct of financial statement and performance audits are consistent with ISSAI 200 Fundamental Principles of Financial Auditing and ISSAI 300 Fundamental Principles of Performance Auditing respectively, issued by the International Organisation of Supreme Audit Institutions (issued 2013).


4.         These ANAO Auditing Standards revoke all previous auditing standards set under section 24 of the Act.




Grant Hehir



9 March 2017