Effective Dates for New Standards
Other than CASs

This summary of recently issued Auditing and Assurance Standards Board (AASB) pronouncements has been prepared for information purposes only. Consequential amendments to existing standards resulting from the issuance of new standards and less significant changes to existing standards are not included below. Reference should be made to official Handbook material for the text of final AASB pronouncements.


 

 

Pronouncement

 

Effective for

 

December 14, 2017:

 

 

CSRE 2400, Engagements to Review Historical Financial Statements

Reviews of financial statements for periods ending on or after December 14, 2017. Earlier application is not permitted.

June 30, 2017:

 

CSAE 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information

 

Attestation engagements where the assurance report is dated on or after June 30, 2017.
 
 

CSAE 3001, Direct Engagements

 

Direct engagements where the assurance report is dated on or after June 30, 2017.

June 1, 2017:

CSOA 5000, Use of the Practitioner’s Communication or Name

Applicable to a practitioner’s consent provided on or after June 1, 2017.

Section 7170, Auditor’s Consent to the Use of the Auditor’s Report in Connection with Business Acquisition Reports

Auditor’s consent to the use of the auditor’s report in a business acquisition report issued on or after June 1, 2017.

December 1, 2016:

Joint Policy Statement Concerning Communications with Law Firms Regarding Claims and Possible Claims in Connection with the Preparation and Audit of Financial Statements, appended to CAS 501, Audit Evidence – Specific Considerations for Selected Items

Inquiry letters dated on or after December 1, 2016.

 

April 1, 2016:

 

 

 

CSRS 4460, Reports on Supplementary Matters Arising from an Audit or a Review Engagement

 

Reports dated on or after April 1, 2016.