Auditing and Assurance Handbook 2008 : Incorporating all the Standards as at 1 January 2008.

Foreword Principal Addresses Institute Profile About the Technical Editors Introductory Remarks by the Technical Editors Overview of Auditing Developments during 2004 Australian Auditing & Assurance -- Institutional Framework Understanding Financial Statement Audits -- A Guide for Financial Statement Users Policy Statement 1 -- The AuASB Consultative Process Australian Auditing Standards Introduction Foreword to AUASB Pronouncements AUASB Glossary ASA 100 Preamble to AUASB Standards Explanatory Statement Responsibilities ASA 200 -- Objective and General Principles Governing an Audit of a Financial Report ASA 210 -- Terms of Audit Engagements ASA 220 -- Quality Control for Audits of Historical Financial Information ASA 230 -- Audit Documentation ASA 240 -- The Auditor′s Responsibility to Consider Fraud in an Audit of a Financial Report ASA 250 -- Consideration of Laws and Regulations in an Audit of a Financial Report ASA 260 -- Communication of Audit Matters with Those Charged with Governance Planning ASA 300 -- Planning an Audit of a Financial Report ASA 315 -- Understanding the Entity and its Environment and Assessing the Risks of Material Misstatements ASA 320 -- Materiality and Audit Adjustments ASA 330 The Auditor′s Procedures in Response to Assessed Risks Internal Control ASA 402 -- Audit Considerations Relating to Entities Using Service Organisations Audit Evidence ASA 500 -- Audit Evidence ASA 501 -- Existence and Valuation of Inventory ASA 505 External Confirmations ASA 508 -- Enquiry Regarding Litigation and Claims ASA 510 -- Initial Engagements -- Opening Balances ASA 520 -- Analytical Procedures ASA 530 -- Audit Sampling and Other Means of Testing ASA 540 -- Audit of Accounting Estimates ASA 545 -- Auditing Fair Value Measurements and Disclosures ASA 550 -- Related Parties ASA 560 -- Subsequent Events ASA 570 -- Going Concern ASA 580 -- Management Presentations Using the Work of Others ASA 600 -- Using the Work of Another Auditor ASA 610 -- Considering the Work of Internal Audit ASA 620 -- Using the Work of an Expert Audit Conclusions and Reporting ASA 700 -- The Auditor′s Report on a General Purpose Financial Report ASA 701 -- Modifications to the Auditor′s Report ASA 710 -- Comparatives ASA 720 -- Other Information in Documents Containing Audited Financial Reports Specialised Areas ASA 800 -- The Auditor′s Report on Special Purpose Audit Engagements Auditing Standards On Review Engagements (ASREs) ASRE 2410 -- Review of Interim Financial Report Performed by the Independent Auditing & Assurance Standards (AUSs) AUS 106 -- Explanatory Framework for Standards on Audit and Audit Related Services AUS 108 -- Framework for Assurance Engagements AUS 110 Assurance Engagements other than Audits pr Reviews of Historical Financial Information Audit Evidence AUS 522 -- Audit Evidence Implications of Externally Managed Assets of Superannuation, Provident or Similar Funds AUS 524 -- The Auditor′s Use of the Work of the Actuary and the Actuary′s Use of the Work of the Auditor in Connection with the Preparation and Audit of a Financial Report Specialised Areas AUS 804 -- The Audit of Prospective Financial Information AUS 806 -- Performance Auditing AUS 808 -- Planning Performance Audits AUS 810 -- Special Purpose Reports on the Effectiveness of Control Procedures Related Services AUS 902 -- Review of Financial Reports AUS 904 -- Engagements to Perform Agreed–Upon Procedures Auditing and Assurance Guidance Statements AGS 1002 -- Bank Confirmation Requests AGS 1004 – Transitional Arrangements on Changes in Audit Appointments under the Corporations Act 201 AGS 1006 -- Expression of an Opinion on Internal AGS 1008 -- Audit Implications of Prudential Reporting Requirements for Authorised Deposit–taking Institutions (ADIs) AGS 1010 – Audit Obligations of the Financial Institutions Scheme (Withdrawn) AGS 1012 -- Share Buy–Backs -- Auditor′s Report (Withdrawn) AGS 1014 -- Privity Letter Requests AGS 1016 – Audit and Review Reports on Half–Year Financial Reports of Disclosing Entities Under the Corporations Act 2001 AGS 1018 -- IT Environments -- Stand–alone Personal Computers (Withdrawn) AGS 1020 -- IT Environments – On–line Computer Systems (Withdrawn) AGS 1022 -- IT Environments – Database Systems (With drawn) AGS 1024 -- Life Insurance Act 1995 -- Audit Obligations AGS 1026 – Superannuation Funds -- Auditor Reports on Externally Managed Assets AGS 1028 -- Uncertainty (withdrawn) AGS 1030 -- Auditing Derivative Financial Instruments AGS 1032 -- The Audit Implications of Accounting for Investments in Associates AGS 1034 -- Implications for Management and Auditor′s of the Year 2000 Systems Issue (Withdrawn) AGS 1036 -- The Consideration of Environmental Matters in the Audit of a Financial Report AGS 1038 -- Access to Audit Working Papers AGS 1040 -- Franchising Code of Conduct -- Auditor′s Reports AGS 1042 -- Reporting on Control Procedures at Outsourcing Entities AGS 1044 -- Audit Reports on Information Provided Other than in a Financial Report (Withdrawn) AGS 1046 -- Responding to Questions at an Annual General Meeting AGS 1048 -- The Special Considerations in the Audit of Small Entities AGS 1050 -- Audit Issues Relating to the Electronic Presentation of Financial Reports AGS 1052 -- Special Considerations in the Audit of Compliance Plans of Managed Investment Schemes AGS 1054 -- Auditing Revenue of Charitable Entities AGS 1056 – Electronic Commerce -- Effect on the Audit of a Financial Report AGS 1058 – Auditing Mortgage Investment Schemes AGS 1060 -- Computer Assisted Audit Techniques (Withdrawn) AGS 1062 -- Reporting in Connection with Proposed Fundraisings AGS 1064 -- Audit Implications of Prudential Reporting Requirements for General Insurers AGS 1066 -- Reporting by Auditors on Compliance with International Financial Reporting Standards AGS 1068 -- Audit Requirements for Australian Financial Services Licensees under the Corporations Act 2001 AGS 1070 -- Special Consideration in the Audit of Risk Management Requirements for Registrable Superannuation Entities and Licensees Guidance Note GN -- Auditor′s Report on AASB 124 Remuneration Disclosures contained in the Annual Director′s Report Accounting Professional and Ethical Standards Board Statements APES 110 -- Code of Ethics for Professional Accountants APES 320 Quality Control for Firms APES 410 -- Conformity with Auditing and Assurance Standards Code of Professional Conduct F.2 Prospectuses and Reports on Profit Forecasts Miscellaneous Professional Statements APS 1 -- Conformity with Accounting Standards and UIG Consensus Views APS 1.1 -- Conformity with Auditing Standards (Withdrawn) APS 2 -- Terms of Engagement APS 3 -- Compatibility of Australian Accounting Standards and International Accounting Standards APS 4 -- Statement of Quality Control Standard (Withdrawn) APS 5 -- Quality Control Policies and Procedures (Withdrawn) APS 6 -- Statement of Taxation Standards APS 7 -- Statement of Insolvency Standards APS 8 -- Statement of Management Consulting Services Standards APS 9 -- Statement on Compilation of Financial Reports APS 10 -- Trust Account APS 11 -- Statement of Forensic Accounting Standards APS 12 -- Statement of Financial Advisory Service Standards

The new edition of, Auditing & Assurance Handbook 2008 continues to provide students and educators with the latest Australian Auditing and Assurance Standards. Current as of 1 January 2008 the technical editor, Stephanie Kemp, continues the authoritative commentary that offers students an easy to use, and read, volume.