Comment letter deadline on AASB Exposure Draft – AuG-49

When Nov 28, 2017
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On August 1, 2017, the Auditing and Assurance Standards Board (AASB) issued an Exposure Draft of a proposed new guideline that would replace an existing Standard.

The AASB proposes, subject to comments received following exposure, to issue Assurance and Related Services Guideline AuG-49, Reporting on Compliance with Specified Authorities for Transactions Coming to the Auditor’s Notice during the Audit of Financial Statements.

AuG-49 would replace AUDITING FOR COMPLIANCE WITH LEGISLATIVE AND RELATED AUTHORITIES IN THE PUBLIC SECTOR, paragraphs PS 5300.14-.16.

Stakeholders are encouraged to submit their comments by November 28, 2017.

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