Updated Guidance for Performance Audits in the Public Sector – AASB
Date recorded:
At its meeting on January 24-25, 2019, the AASB discussed issues relating to this project, including:
- the distinction in the guidance between “practitioner” and “legislative auditor”;
- adapting acceptance and continuance requirements for public sector circumstances;
- guidance for identifying relevant internal controls;
- considerations when using the work of experts and consultants; and
- options for addressing subsequent events. The Board will discuss, and expects to approve, an exposure draft of an Assurance and Related Services Guideline at its March 2019 meeting.
Review the executive summary on the AASB's Web site.