Update of Public Sector Auditing Standards - AASB
Date recorded:
At its meeting on January 23-24, 2017, the AASB discussed issues related to developing an assurance and related services guideline to replace Section PS 5300, Auditing for Compliance with Legislative and Related Authorities in the Public Sector. Key issues discussed included the scope of the guideline and elements to be included in the reporting. The AASB plans to approve an exposure draft of the guideline at its March 2017 meeting.
Review the executive summary on the AASB's Web site.